Reduced Price
HOTEL FOR SALE KATO PAPHOS
Paphos, Kato Paphos
€21,000,000€23,500,000
Overview
Reference 4311
Pool: Communal
Status: Resale
Structure: Concrete
Frames Type: Aluminium
Covered:5342m²
Plot:15449m²
Covered veranda:1543m²
Aloe, a 4 hotel in 2017. Since 2020 the hotel has not been operational, and Thanos Hotels is exploring all possible scenarios for this property. Among these below options are being considered:

1.Outright sales of the Asset
2.Outright sale and lease back or management agreement of the renovated asset based on a pre agreed renovation plan by the new owner.


Aloe hotel is located on the most central tourist area in Pafos, on the main seafront road in Kato Paphos. Walking distance to the beach (150m) and 1,5km from Paphos Harbour and Castle. The hotel is not in operation and needs investment to reopen.
Plot: The Hotel is built on a plot of Land with size of 21.006m2
Other Facilities
1. Floors / Rooms: 4 floors with a basement and 272 rooms (5 suites / 15 Family rooms / 252 Standard rooms). The first 84 rooms have been built in 1978 and in 1996 a full renovation was made with the expansion of additional 188 rooms. Option for 53 additional rooms to be built. Total Built Area: 16.992m2 Total covered square meters: 15.449m2.
2. Other Facilities :
•3 Outdoor swimming pools including a kids swimming pool and an indoor pool.
•2 Tennis courts
•1 Play room
•1 Souvenir shop
•Hair saloon
•Gym and Spa
•2 Restaurants. 1 Indoor Bars, 1 Pool Bar
•2 Meeting Rooms
•113 Car parking areas
•Offices
Facilities
Aircondition, Central system
Elevator
Gym
Indoor pool, Communal
Outdoor shower
Parking, Underground
Pool, Communal
Sauna
Features
CCTV
Ceramic tiles
Closed offices
Conference hall
Double glazing
Earthquake-resistant structure
Easy access to highway
Easy access to main roads
Entrance gate
Near amenities
Near bus route
Pool bar
Reception
Restaurant
Sea view
Spacious rooms
Veranda
Distances
Amenities: 500 m
Airport: 20 km
Public transport: 1 km
Sea: 200 m
Contact
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