A High-end Boutique Hotel in Agia Marina.
An impeccable boutique hotel of eight independent and comfy rooms in the center of the popular coastal resort of Agia Marina is up for sale.
Built on a unique plot of about 650 sqm the Boutique Hotel stands right on the front of the sandy beach of Agia Marina, facing the imposing island of Thodorou. The hotel is currently arranged into 8 independent rooms of various sizes, an entrance hall / reception, a breakfast hall and a kitchen. The reception and breakfast hall have immediate access to the large outdoor space of about 200 sqm where one can find the bar and the outdoor sitting terrace where lush local flora & posh outdoor furniture in earthy color tones offer guests various sitting and relaxing options steps away from the hotel’s powdery sandy beach.
In 2015 an old hotel sitting in the same place was completely, both structurally and aesthetically renovated. Everything was redone from the beginning, giving new life to this fortunate piece of paradise.
The structure is equally divided into 202 sqm on the ground floor and 202 sqm on the first floor. Fiber-reinforced microcement is the decorative coating that covers all built surfaces, both interior and exterior, offering a sense of gentle flow that calms our restless eyes. The curved surfaces, earthly tones and straw decorative materials create a sense of grounded serenity in contrast to the everchanging sea always visible on the horizon.
The current arrangement of the hotel’s rooms is as follows:
* Ground floor Apartment 1. Size 28 sqm Partial Sea View.
* Ground floor Apartment 2. Size 49 sqm Seafront.
* Ground floor Apartment 3. Size 43 sqm Seafront.
* Ground floor Apartment 4. Size 23 sqm City view.
* First Floor Apartment 1. Size 24 sqm. Seafront.
* First Floor Apartment 2. Size 33 sqm. Seafront.
* First Floor Apartment 3. Size 42 sqm. Seafront.
* First Floor Apartment 4. Size 48 sqm. Seafront.
All appliances and electric elements are high-end and cutting-edge, all rooms have a VRF temperature control, delivering personalized comfort for every occupant and energy efficiency to the hotel that enjoys the thermal protection of the most modern insulation materials.
The south side of the hotel is adjacent to the main touristy ‘vein’ of the whole region of Western Crete, the coastal road connecting the city of Chania to Platanias and Kolymvari to the west. The whole coast is lined with all kinds and types of hotels, restaurants, beach bars, tourist and retails shops etc. One can walk either on the side of the road or the expanding beach that stretches for many km on every side and find whatever one is looking for on a vacation by the sea without ever taking the car.
The adults-only boutique hotel is a perfectly run business producing an annual return of 5% on the asking price and able to produce even greater returns with minor modifications in its overall operation. Marketing just the piece of land now occupied by this outstanding hospitality establishment would easily approach the asking price given the current market. With its spotless aesthetics and unpretentious elegance standing out from the competition in the area, this investment opportunity can continue producing a safe source of revenue for any investor without too much trouble in the long run.
If managing a hotel seems overwhelming, the property can be effortlessly transformed into a state-of-the-art beachfront villa, offering investors an equally attractive return on investment.
