Hotel for sale in Ioannina, a city with a continuously growing tourist traffic and economic development. The property is located in a prime location, on a main road, offering easy access to all the important locations in the city.
Features:
Land area: 1544.57 sq.m.
Total building area: 1500 sq.m.
Basement (525.35 sq.m.):
2 event rooms (1 large, 1 small)
6 WCs and 2 accessible WCs
2 staff WCs
Storage room
Kitchen
Boiler room
Laundry-dryer area
Storage rooms
Ground floor (456.67 sq.m.):
Restaurant (66 sq.m.)
Kitchen (32 sq.m.)
Reception (52.30 sq.m.)
Office (20.40 sq.m.)
2 single rooms
3 double rooms
1st floor (513.79 sq.m.):
1 single room
1 accessible single room
12 double rooms
Parking spaces: 10 (open)
Advantages:
Corner property
Two-faced
On a main road
Multiple use potential
Financial Data:
The hotel has consistently shown increasing revenues over the past few years, demonstrating its dynamism and growth prospects.
2021: €62,263.34
2022: €155,523.48
2023: €175,531.20
Sale Price: €1,950,000
Sustainability and Capital Amortization Report:
Based on the financial data and the sale price, it is estimated that the investment in this particular hotel is viable and can yield significant returns to the investor. Capital amortization can be achieved in a relatively short period, considering the upward trend in revenue and the prime location of the property.
NOTE: For the viewing of the property, it is necessary to present your police ID and your VAT number (according to Law 4072/11-4-2012 FG 86 A).
All information is based on information provided by the client. The location on the map is the exact location of the area where the property is located.
1. Introduction
This report analyzes the sustainability of the hotel in Ioannina, as well as its investment value for a future buyer. It is based on the financial data of the business, the tourism activity in the area, and the calculations for the depreciation of the investment.
2. Financial Performance
The hotel has 4 single and 15 double rooms. The annual revenues for the last three years are as follows:
2021: €62,263.34
2022: €155,523.48
2023: €175,531.20
The net income for 2023 amounted to €109,130.12, demonstrating healthy economic activity.
3. Analysis of the Tourist Market in Ioannina
Ioannina is an important tourist destination, with increased tourist traffic due to the natural beauty, historical significance, and cultural activity of the area. According to the latest data from INSETE, the Region of Epirus recorded an increase in tourism revenues and visitor satisfaction in 2023.
Conclusions and Recommendations
Positive Aspects:
Continuous increase in revenues.
Location in a dynamic tourist area.
High net income compared to turnover.
See other real estate sales in the Hotel category
There are some extra costs that must be added to the price of the property.
These costs include Transfer Tax, Notary's Fees, Real Estate Fees, Estimated Lawyers's Fees and Land Registry.
The total value of the above is about 9% of the price of the property.
| Property Price | € 1.950.000 |
| Cost & Taxes (9%) | € 175.500 |
| Estimated Total Price | € 2.125.500 |
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