Discover the Jewel of Ioannina: A Prime Hotel Investment

Are you on the lookout for a golden opportunity in the thriving world of hospitality? Well, let me take you on a little journey to Ioannina, a vibrant city bustling with tourists and rich in cultural heritage. This hotel for sale isn’t just a building; it’s a veritable treasure trove of potential, perfectly situated on a main road that ensures maximum visibility and accessibility. Imagine welcoming guests from all over the world while playing a key role in the local tourism scene. Sounds exciting, right?

With a land area of 1544.57 sq.m and a total building area of 1500 sq.m, this hotel isn’t just spacious; it’s functional. The basement alone covers approximately 525.35 sq.m, designed to support your hospitality business with two event rooms – one large and one small – perfect for banquets or meetings. The basement also features staff facilities, ample storage, a kitchen, and even a laundry area. Moving up to the ground floor, there’s a cozy restaurant and a reception area that invites every guest to feel right at home. And let’s not forget the various room types, from singles to doubles, catering to different customer needs. This flexibility in offerings adds another feather in the cap of this fabulous property.

Crunching the Numbers: A Financial Overview

Let’s get real about the business side of things. The financial performance of this hotel speaks volumes. Over the past three years, revenues have shown a consistent upward trend that resembles a steep mountain climb, from €62,263 in 2021 to a whopping €175,531 in 2023. It’s clear that this hotel is not just making it; it’s thriving. With a net income of €109,130 for 2023, the cash flow is promising. Why is this important? Because the more money coming in, the sooner you can pay off the initial investment and start reaping the rewards. The sale price of €1,950,000 could well be a stepping stone to a lucrative future in the booming hospitality sector.

Analyzing the Ioannina Tourist Market

Now, let’s dive into the heart of the matter – the tourist market in Ioannina. This city is not just a pit-stop; it’s a destination that draws visitors for its breathtaking natural beauty, historical richness, and cultural vibrancy. In 2023, figures from INSETE revealed an upswing in tourism revenues and visitor satisfaction in the Region of Epirus. It’s a magnet for those seeking adventure, relaxation, and a taste of authentic Greek culture. So, when you think about investing in this hotel, you’re not just buying a property; you’re positioning yourself at the center of a flourishing tourism hub. Think of it as planting a seed in fertile soil; with the right care, it will blossom into something magnificent.

In conclusion, this hotel in Ioannina shines brightly with potential. Its prime location, increasing financial performance, and the ever-growing tourist market make it an enticing option for savvy investors. Whether you’re an experienced hotelier or a first-time buyer, the opportunity to capitalize on this advantageous asset is here for the taking. So, why wait? Reach out to GreekEstate today and take the first step toward owning a hotel that not only promises financial returns but also places you at the heart of an exceptional location. Remember, in real estate, timing is everything, and this chance could very well be your ticket to success.