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Pay in USD and save up to $2,190,111An existing hotel in the Coral Bay area, Paphos, is for sale. The hotel is located on the first coastline with panoramic views of the Mediterranean Sea. The land area is 34,385 m2. The hotel's rooms include 173 fully equipped hotel rooms and 30 spacious bungalows. A construction permit for another 90 rooms has been obtained, which provides an opportunity to further expand the facility and increase its investment potential. The hotel has indoor and outdoor pools, a gym, restaurants, bars, a children's playground, a play area, landscaped recreation areas and other infrastructure for guests. The hotel is located in one of the most popular tourist areas of Cyprus, next to Coral Bay Beach. Paphos International Airport is less than 30 km away, while the historical center of Paphos, Paphos Castle and Tombs of the Kings Archaeological Complex are about a 20-minute drive away. The facility is a ready-made hotel business with the possibility of further development.
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