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5-star hotel, 117 rooms in Kyrenia, Cyprus · Reference image

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Hotels · Kyrenia, Cyprus · Ref. 5688

Kyrenia (Cyprus) - Hotel Sale Opportunity: 5 STARS / 117 rooms

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Category
5 stars
Rooms
117
Indicative sale price
200.000.000 €
Average price per room
1.709.402 €
Operation
Sale

A five-star hotel with a casino in Kyrenia, fully refurbished in 2019, with 117 keys and six dining venues.

Description

A Standout Hotel Investment Opportunity in the Eastern Mediterranean

We present a rare opportunity to acquire a luxury hotel asset with a casino, strategically located in Kyrenia, one of the Eastern Mediterranean's most sought-after destinations. This five-star property combines operational excellence, architectural appeal and a solid projected return, making it an ideal investment for hotel groups, property funds and family offices with a long-term view.

Asset Features

• Location: Kyrenia, a fast-growing tourist spot

• Rating: 5-star hotel with casino

• Rooms: 117 keys (100 rooms + 17 suites)

• Built area: 13,500 sq m on an 8,200 sq m plot

• Full refurbishment: 2019 (rooms, lobby, food and beverage, spa, casino)

• Dining and leisure: 6 food and beverage venues, including a rooftop bar and VIP lounge

• Events and meetings: 3 multi-purpose rooms seating 300 in total

• Year built: 2007

Financial Analysis

Indicator
2021
2022
2023
2024 (estimated)

ADR (€)
185
215
238
250

Occupancy (%)
61%
71%
78%
80%

Estimated 2024 revenue:

• Rooms revenue: €8,541,000

• Dining and banqueting: €5,200,000

• Casino (slots, tables, VIP): €11,000,000

• Wellness, retail and events: €2,100,000

• Total estimated revenue: €26,841,000

Estimated operating costs: €12,000,000 Projected EBITDA (2024): €14,841,000

Features

Reference5688
TypeHotels
OperationSale
StatusOperating
LocationKyrenia, Cyprus
Rooms117
Floor area13.500 m²
Category5 stars

Amenities

  • Swimming pool

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Controller
Realtor Hotel Company S.L.
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