Complex with 20 Residences for sale in Crete, Panormo

Nestled in the charming town of Panormo, Mylopotamos, this exceptional hotel complex spanning 1050 sq.m presents an unparalleled investment opportunity within Crete’s thriving hospitality industry. Ideally situated a mere 100 meters from the pristine, azure waters of the sea, this property offers an idyllic haven for vacationers seeking tranquility. With its prime location and outstanding amenities, this hotel complex stands as a promising venture.

Originally constructed in 1990 and undergoing partial renovation in 1995, this property boasts 20 meticulously designed apartments, each exuding comfort and hospitality. Every apartment is equipped with air conditioning units to ensure a pleasant stay for guests year-round.

Within the complex lies a meticulously landscaped garden, partially refurbished to feature lush green lawns, accompanied by a 40 sq.m swimming pool. This serene oasis invites guests to unwind in a peaceful setting, enveloped by nature’s beauty.

The hotel complex offers diverse accommodations to cater to various preferences. Among the offerings are 10 cozy studios, perfect for couples or solo travelers. Additionally, there are 6 double room apartments, each measuring 55 sq.m, providing ample living space with a bedroom, bathroom, and a combined living room-kitchen area. Moreover, two fully furnished 60 sq.m apartments grace the complex, each featuring two bedrooms, a spacious living room-kitchen, and a bathroom. Lastly, two charming maisonettes of 75 sq.m each complete the ensemble, featuring a living room-kitchen on the ground floor and two bedrooms with a bathroom on the first floor.

Panormo, an enchanting coastal village, captivates visitors with its natural splendor and warm welcome. Its traditional architecture, winding streets, and picturesque harbor create an inviting atmosphere for both locals and tourists. The town offers a variety of taverns, cafes, and shops, contributing to a vibrant ambiance for all to relish.

Positioned in this sought-after locale, this impressive hotel complex presents an exceptional investment prospect for entrepreneurs aiming to establish a prosperous hospitality venture in the heart of Panormo. Seize the opportunity to own this extraordinary property and become part of the flourishing tourism industry in this captivating region of Crete.

Location Information – Complex with 20 Residences for sale in Panormo:

Panormos is a stunning fishing village situated 22 km east of Rethymno town on Crete’s northern coast. Its sandy beach, characterized by crystal-clear waters and a serene aura, is fully equipped to cater to visitors. The surrounding area offers a wealth of taverns and accommodations boasting breathtaking sea views.

Rethymno seamlessly blends distinct features: the allure and historical richness of the old town, coupled with close proximity to an expansive sandy beach.

Rethymno offers two facets, catering to different preferences: the endless stretch of beachside hotels extending from the eastern edge of Rethymno, encompassing coastal “villages” such as Perivolia, Platanias, Adelianos Kambos, Pigianos Kambos, Sfakaki, Stavromenos, and Skaleta – and the Rethymno that allows you to immerse in the old town’s character, boasting a fusion of architectural styles and cultural influences, from Venetian to Ottoman.

We present the latter, a more romantic choice, leaving the all-inclusive beach and party tours to others.

It’s a place where time saunters, a genuinely romantic allure, prominently preserving its Venetian and Turkish aesthetics.

Discover one of Greece’s best-preserved medieval cities and seek your own fairy-tale romance in Rethymno.

Venetian fortifications harmoniously coexist with Orthodox and Catholic churches, mosques, grand Venetian-style mansions, archways, and cobblestone pathways, conjuring a magical ambiance that recalls the city’s illustriously “yet glorious” past.

Before bidding farewell to the beach, it’s worth mentioning another set of visitors – the turtles. These graceful creatures frequent Rethymno’s beaches, returning between June and August to lay their eggs each year.