Caption of business *
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Highly Profitable 3 * Deluxe Hotel + 13 Shops in Paphos  
Small Description * Freehold property – company transfers (No transfer fees)
Complete Hotel Refurbishments made in March 2013 & 2014 included
Open all year around
Superbly situated in the Upper part of the Town Centre with panoramic views of the harbour and the West coast is very centrally located for shopping and sightseeing. Its charming position makes a wonderful retreat for those who prefer a high, cool and unconstructive place, yet within a few minutes walk from the Local Market, District Museum and Public Gardens.
Built to exceptional 3 star standards the Hotel has 80 rooms, some of which are adjoining. Each room is furnished to the highest possible standards with full air-conditioning and central heating for the winter month’s ensuite bathroom, shaving sockets, hair dryers, Satellite colour TV, direct dial telephone and private balcony offering incredible mountain and / or sea views of the local scenery. Other facilities include, 24 hour reception with panoramic views of the Harbour and Mediterranean sea, Cocktail Bar, Cafeteria, a luxuriously spacious Coffee shop, Restaurant offering local and international cuisine, Multipurpose / conference room, Large swimming pool, children’s pool, Private parking area, 2 lift to all floors Library with guest’s internet Corner connection all Hotels departments are fully computerized with IBM main server.
Complex of shops there are approximately 12 shops owned by the Hotel at the main entrance level
Hotel Extension Possibilities.
There are government approved Architectural plans and building permits from all local authorities to build another 4 floors one of a Multipurpose Function room / Roof garden floor and the other floors to be rooms or suites.
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Directory: Industries Hotels & Motels ,Commercial Properties  
Industry * Services  
Location (continent) * Europe  
Location country * Cyprus  
Location state (US only) Not US  
Location City * Paphos  
Company form Private Company  
Selling only assets? (When business is closed) * No
Company is public listed * Non disclosed  
Business Growth Stage Well established Business  
Employees Range 50 - 100 people  
Revenues Range * 2.5 Mio. - 3 Mio. US$  
Profit Range 1 Mio. - 2.5 Mio. US$  
Profit Type Net income  
Asking sales price range * 5 Mio-10 Mio. US$  
Asking Selling price in US$ * 10,036,470  
Management could stay? Yes
Independent Valuation Report avalible Yes
Businessplan availible Yes
Company presentation availible Yes
Research availible Yes
Real Estate included in the business Yes
Business is Franchise Partner No
Business is Franchise Master Non disclosed
Business Transaction Form Sell/Buy a complete business
Sell/Buy a part of business
Sell/Buy commercial real estate
Search Joint Venture
Other Transaction Forms
NDA required? Non disclosed
Location of business is relocable? * Non disclosed
Seller looks for these buyer types * Business Broker
Private Equity Investor
Investment Banker
Business Executive
Business Executive
Business Owner
Private, individual Investor
Real Estate Broker
Seller accepts only prinipals? * Non disclosed
Seller is owner of the Business * Yes
Seller wants to be contacted by brokers? * Yes
Seller financing available? Non disclosed
Seller accepts finders fee? Non disclosed
Finders fee is payable by buyer? No
Sellers Reference Number  
Seller Type * Seller is a Business
Business funding form  
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Listing posted by * Seller