Hotel in Larnaca for sale - Published

Larnaca Center, Larnaca

Overview

Reference

30748

Category

Hotel

Property type

commercial

City

Larnaca

Furnished

No

Description

3-Star Hotel Investment Opportunity – 23 Keys An 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 tourism Extended-stay guests Conversion into a boutique or lifestyle hotel concept Facilities: Restaurant Swimming Pool & Leisure Area Lobby / Reception Basement Laundry & Service Area Key Investment Highlights: Attractive for private investors or small hotel groups Large land plot with operational flexibility Multiple income streams (accommodation, F&B, leisure) Clear upside through renovation and repositioning Competitive 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