| Full Description: (Reference: A0111) REDUCED - For Sale: 11,000,000 Euros.
This 4-Star hotel is located within easy distance of Rhodes Town and is only 20 M from the sea.
Originally the land size was 15,000 SqM but the owners bought an extra 5,000 SqM of land and it is now possible to build another 75 rooms.
Some of the hotel features include:
175 Rooms
Tennis Court
Swimming Pool
Children’s Pool
Supermarket
Reception
Elevator
Restaurant
There is a government grant available to investors to the value of 65% of any investment made and this has not yet been used by this hotel. Ideal for use to increase the rating of the hotel to 5 Stars if required.
All the necessary licences for the hotel are up to date and contracts have already been negotiated and signed with large tour operators for the Summer Season 2009.
The sale price has been reduced from 13,000,000 Euros to 11,000,000 Euros and viewing is highly recommended. (Please note price in USD will vary dependent upon exchange rate.)
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