Hotel/guest house for sale in Protaras, Cyprus

Investment in the renovation of a tourist resort in a highly popular area.

Explore an enticing investment opportunity nestled between the renowned Protaras area, the emerging Luxury Marina, and the amazing coastal promenade.

This property features an 86-room hotel and three blocks housing 46 apartments within the highly coveted Pernera resort. While this venture holds immense potential, it does require a renovation that is estimated to cost over 2 million.

Key Features:

Hotel Main Building:

Lower Floor: Pool-level amenities including a restaurant, dining area, gym, kitchen, toilets, sauna, changing rooms, storage rooms, and staff areas.
Ground Floor: Reception area, storage, offices, shops, and a bar.
Three upper floors: 86 hotel rooms.
Total internal area: 5,822 sqm.

Apartment Blocks:

Block 1: The ground floor features a reception, lobby area, and restaurant, while the 1st and 2nd floors consist of a total of 7 apartments.
Block 2: Comprises 17 apartments.
Block 3: Consists of 22 apartments.
Total internal area for apartments: 2,993 sqm.

Separate Building:

120 sqm building utilized as offices and storage space.

External Amenities:

Landscaped gardens.
Swimming pools.
Tennis court.
Basketball court.
Ample parking spaces.

Location Highlights:

Walking distance to blue flag Protaras' and Pernera sandy beaches.
Short drive to the famous Ayia Napa, Cape Greco Nature Reserve and various Theme parks.
Convenient access to numerous amenities such as restaurants, bars, supermarkets and shops.
Just a few minutes to the highway and international airport of Larnaca

Seize the opportunity to revitalize this property by capitalizing on its strategic location, which consistently attracts both local and foreign investments.