Investment Property in Protaras

#PGPR3SHOTSLV

€ 37,000,000

Famagusta, Protaras

Overview

  • Bed Rooms 180
  • Plot 9000
  • No

3-Star Beachfront Hotel and Hotel Apartments Investment Opportunity Located in Protaras, Famagusta

Protaras is a well-established coastal resort in eastern Cyprus, known for its beaches, seasonal tourism and extensive range of accommodation, dining and leisure facilities. Its position along the Famagusta coast provides an established setting for hospitality operations.

Status - Existing Hotel
VAT - Unspecified

Property Features:
Hotel Category - 3-Star Hotel and Hotel Apartments
Rooms - 180+
Land Area - 9,000 m²
Beachfront - Yes
Upgrade Path - Opportunity to Upgrade to 4-Star

Hotel Features:
The property currently operates as a beachfront hotel and hotel apartments, with an existing inventory of more than 180 rooms. The source identifies potential to upgrade the classification to 4-star through the addition and enhancement of facilities.

With its existing accommodation scale, beachfront position and identified upgrade opportunity, the property offers scope for repositioning within the Protaras hospitality market.