Boutique Hotel with Cafe Bar at Chania Crete For Sale

Boutique Hotel with Cafe Bar at Chania Crete For Sale
Chania, Greece
For Sale 950,000€ - Hotels For Sale Greece, Investment Proposals
CHANIA018 283 m2 3 Bedrooms 3 Bathrooms

Boutique Hotel with Cafe Bar at Chania Crete For Sale

In the picturesque Old Town of Chania is coming for sale a real good business opportunity comprising of a Luxury Boutique Hotel and a stylish elegant bar, covering an area of 283 m², characterized as a historical preserved building…

The traditional character, as well as, the Venetian nobility is reflected via an entirety of characteristics which are visible and sound even from the exterior surface of the buildings, such as the traditional balconies surrounded by colored strokes of the brush and the sweet smell of flowers.

The bar with a capacity of 90 people is allocated on the ground and first floor of the building. This placement is characterized unique, of incomparable beauty and elegance, just by getting a sight of the ceiling which is made of cypresses trucks and colored glass of specific process with alternating lighting which creates an impressive and romantic atmosphere. A wide variety of additional elements such as musical instruments -antiques or modern ones- gramophones, trumpets, saxophones and other objects testify the quality and the high level elegance of the perfect dream. The bar opens its doors to its loyal clientele in the beginning of October every year until the middle of May.

The boutique-hotel for sale is famous for honeymooners due to its romantic luxuriousness, and operates now since three (3) years all-year-round. The suites are priced at 80-100 Euros/day during the low season and 120-140 Euros/day during the high season.

The three (3) noble suites spread over three (3) levels and do have a separate entrance. Each floor comprises a suite of 50m² fitted with fully equipped kitchen, air-condition, cable TV, and DVD player.

The synthesis of luxuriousness consists of elements of particular elegance such as the unique wall style in tints of earth, the trunks of cypresses, the large old-fashioned four-poster beds, original antique, with white embroidered curtains & sheets, the fireplace in the sitting-room, luxurious in-suite bathroom with Jacuzzi.

As for the suites here more dreamful details, of the luxurious materials and objects completing the magnificence of elegance and prestige of the suites/apartments: musical instruments, stylish antique furniture and luxurious fabrics, all of which raise an exquisite spell stemmed from the epoch of Romans. All the beds are 100year old antiques, the mattresses are anatomical, silk fabrics, lights with Swarovski, and goose feather quilts, hand embroidered linens. The furniture are from massif wood, the sofas turn into bed, the internal walls of the whole building are painted according to artistic technique.

The business has gained in the years
    •    Year xxxx – 300.000 Euros – 210.000 Euros through the bar and 90.000 Euros through bookings
    •    Year xxxx – 320.000 Euros – 200.000 Euros through the bar and 120.000 Euros through bookings

Guests are coming mainly from Greece, Europe and the United States who are booking directly through the internet or are companies’ representatives.

The annual expenses are currently at 65.000 Euros and include utility bills, maintenance, wage costs and ancillary wage costs for the employees (1 barman, 1 DJ, 1 waiter, 1 Buffet Attendant for the weekends and 1 maid).

The net income is in average around 255.000 Euros, thus the depreciation will be succeeded within 4 years.

Alternate sale option: One can purchase only the business and not the premise for 290.000 Euros. A monthly rent of 3.000 is required too, along with the selling price.

Location

Located just 200m from the famous municipal market and 500m from the Etz Hayyim Synagogue, in the Chania Old Town, which is regarded as one of the nicest old towns of Greece and it is the most wonderful part of the city.

The “Old Town” consists of the old Venetian harbour and the small Venetian blocks located behind the harbour; it is characterized by narrow and picturesque alleys – similar to an enchanting labyrinth – full of life, and the plentiful remaining Venetian and Turkish buildings. The Lighthouse, the Fortress of Firka, the Mosque of Kioutsouk Hasan, the Great Arsenali and the Neoria have become landmarks of the city. Most of the buildings are rejuvenated and they compose a puzzle of contemporary, Venetian and Turkish architecture; they are also a ‘living’ exhibition of the city’s history. Today they work as shops, taverns, cafes and touristic accommodations.

 

The most famous part of the Old Town is the lively round waterfront along the Venetian harbor, which is full of small hotels, cafes, restaurants, taverns and bars. The Lighthouse at the end of the harbor is a landmark of Chania.

 

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Agent Kostas Taralas

Kostas Taralas Owner of Greek Exclusive Properties

Kostas Taralas  is the owner and founder of  Greek Exclusive Properties,  Luxury Homes & Villas in Greece  Specialist.
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Kostas Taralas Owner of Greek Exclusive Properties

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