SIC Code: 70110300 HOTELS
Country of Origin: Cyprus |
Target Areas: Worldwide
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.
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 project was delivered in August 2018, and the grand opening for both the hotel and the Plaza was in October, 2018.
Revenue 2019: EUR 5,000,000
EBITDA 2019: EUR 700,000
Asking Price: EUR 89,000,000
Revenue Multiple 2019: 17.80
EBITDA Multiple 2019: 127.14
- Located in Larnaca near the airport
- World-famous branded business hotel, franchise name is in the price
- Very luxurious and exclusive commercial space
- 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
- Covered and secured parking space for 240 cars
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