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Hotel
Larnaca Municipality, Larnaca

€3,500,000  ($4,040,483)

STARMAX

STARMAX

Reg. No: 1267 / Licensed No: 514/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $141,417

Average Bank Rate (€3,500,000)
1 USD = 0.8369 EUR
$4,181,900

Mid-market rate (€3,500,000)
1 USD = 0.8662 EUR
$4,040,483

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 8224947 (30748)

Description

3-Star Hotel Investment Opportunity – 23 KeysAn established 3-star hotel set on a 1,700 sqm plot,
offering a strong value-add and repositioning opportunity for hospitality
investors.Property Overview:Constructed in 1984, this 23-room hotel operates with a
complete hospitality layout and solid fundamentals. The asset is ideally suited
for modernization to enhance category, rates, and overall asset value.Suitable for:Leisure tourismExtended-stay guestsConversion into a boutique or lifestyle hotel concept Facilities:RestaurantSwimming Pool & Leisure AreaLobby / ReceptionBasement Laundry & Service Area Key Investment Highlights:Attractive for private investors or small hotel groupsLarge land plot with operational flexibilityMultiple income streams (accommodation, F&B, leisure)Clear upside through renovation and repositioningCompetitive entry price for the local hospitality
market The Opportunity:With targeted refurbishment, the hotel can be repositioned
to capture higher Average Daily Rates , improve occupancy, and significantly
enhance long-term capital value.Also possible for a further floor to be built adding 10 further studios to the property.





















































Further details available upon request

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€136,600 ($157,694)
If buying on joint names
€133,200 ($153,769)

Disclaimer - Property reference 8224947. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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