Imagine stepping into a business that’s already humming. This isn’t just a property; it’s a fully functioning boutique hotel, ready and waiting. It boasts seven holiday apartments, each with a view of the sea, and a private swimming pool to boot. It’s located in Palekastro, a lovely, tranquil part of Crete, not far from the eastern coast. And if you’re a fan of water sports, you’ll be thrilled to know it’s a stone’s throw from Kouremenos Beach, which is known worldwide as one of the best spots in the Mediterranean for windsurfing.
The buildings themselves cover a total of 332 square meters, set on a plot of 534 square meters. The design is spread across different levels, making good use of the space. Down in the basement, there’s 42.50 square meters dedicated to storage. This is super practical, providing ample room for things like linens, hotel supplies, and any equipment needed for maintenance. It’s that behind-the-scenes organization that keeps a place running smoothly.
Moving up to the ground floor, you’ve got 158.31 square meters of space. Here, things are divided into two buildings. Building 1 has the reception and lobby area, which is 57 square meters. It also includes a guest toilet and Studio 1, which is 32 square meters. Building 2 houses Studio 2 at 34.80 square meters and Studio 3 at 34.50 square meters. So, right from the start, you have a welcoming entry and a few apartments ready for guests.
The upper floor makes up another 131.40 square meters. Again, it’s split between two buildings. Building 1 on this level has Studio 4 (34.80 m2) and Studio 5 (34.50 m2). Building 2 complements this with Studio 6 (34.80 m2) and Studio 7 (34.50 m2). This means you have a total of seven separate studio apartments, each designed to offer a comfortable stay for visitors.
Apartment Features and Sea Views
Every one of the seven studio apartments is kitted out to make guests feel at home. They all come with air conditioning for those warmer days, a functional kitchenette so guests can prepare their own snacks or light meals, and a private balcony to enjoy the surroundings. For modern convenience, there’s Wi-Fi connectivity, a television, and each studio is equipped with its own solar panels. These panels are used for heating water efficiently, which is a great plus for both the environment and operational costs.
One of the standout features of this property is its location. Situated at an elevation of about 30 meters above sea level, the gentle rise allows for stunning views. From virtually every room, you can see sweeping vistas of the olive groves that dot the landscape, the bright blue of the Aegean Sea, and the sunrises over Crete, which are truly unforgettable. It’s the kind of view that makes a holiday memorable.
Potential for Growth and Outdoor Enjoyment
Here’s where the investment potential really shines. Adjacent to the main hotel buildings, there’s an extra plot of land measuring 324 square meters. Currently, this space features a 35 square meter swimming pool for guests and a barbecue area. But the real draw is that this plot comes with permission to build an additional 205 square meters of indoor space. This opens up a fantastic opportunity to expand the hotel complex, potentially adding another five to six studio apartments. That’s a significant increase in capacity and revenue potential.
The outdoor areas of the existing property have been thoughtfully designed. They are landscaped with stone patios, green garden spaces, and mature palm trees, giving the whole place a real Mediterranean resort atmosphere. To make things easy for guests and staff, there’s also dedicated off-road parking right on the premises.
Recent Upgrades and Strategic Location
The hotel complex was originally built in 1999, so it has a history. However, it hasn’t just been sitting there. It has been looked after and updated several times over the years. The most recent renovation was completed just this year, focusing on bringing the premises up to modern energy efficiency standards. This means lower running costs and a more sustainable operation. It’s a property that’s been invested in and is ready for its next chapter.
The heart of Palekastro village is about 1.6 kilometers away. That’s a pleasant 22-minute walk, or a very quick 4-minute drive. Once you’re there, you’ll find everything you need: local taverns and restaurants offering authentic Greek food, a small supermarket for essentials, a pharmacy, and various shops. For beach lovers, the large and organized Kouremenos Beach is only 2.7 kilometers away, about a 6-minute drive. This beach is a magnet for water sports enthusiasts year-round, ensuring a steady flow of visitors to the area.
For those needing to travel further afield, the larger coastal town and administrative center of Sitia is 18 kilometers away. Sitia Airport is also within easy reach, about 24 kilometers from the property, making for a straightforward 30-minute drive. This combination of local charm and accessibility is a key advantage.
Discovering Palekastro and its Surroundings
Palekastro itself is a gem in eastern Crete, offering a blend of traditional life, ancient history, and stunning natural scenery. Just a short distance away is Kouremenos Beach, known for being one of the longest beaches in the area. It features golden sands, clear waters, and is perfect for windsurfing. The surrounding landscape, filled with olive groves and offering a peaceful atmosphere, provides an authentic Cretan experience. It’s an ideal spot for people who love nature and are looking for a bit of adventure.
