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World-Famous Branded Business Hotel Combined with Commercial Centre

Country: Cyprus Cyprus
City: Larnaca
Location: Near Airport
Category: 5 stars
Hotel type: Business Hotel
Transaction Type: 100% Asset Sale
Target Areas: Worldwide

Hospitality Review / Short Description:

Situated in the southern shore of the island of Cyprus, just minutes away from Larnaca International Airport, offering easy access to Larnaca’s modern and ancient culture as well as its thriving port industry.
The proposed investment is a unique combination of a world-famous branded business hotel, with a very luxurious and exclusive commercial space on the ground floor, which includes several retail shops as well as F& B venues.

The reception of the hotel is on the fifth floor, with 106 rooms distributed through the main building and 2 additional towers, while the ground floor plaza consists of 4 retail shops, 1 medical spa, 1 cigar lounge, 1 cafe and 2 concept restaurants
On levels 1-3 there is a covered and secured parking space for 240 cars.
The grand opening for both the Hotel and the Plaza was past October, 2018.
The project was delivered past August 2018.

Financials

Asking Price: EUR 89.000.000
Price Per Room: EUR
World-Famous Branded Business Hotel Combined with Commercial Centre
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