Seafront 3★ Hotel Property For Sale – South Crete

Offered for sale is a Société Anonyme (S. A.) company owning an established 3-star hotel property, positioned in a highly privileged seafront location along the southern coastline of Crete, in the wider Ierapetra – Makry Gialos area.

The property enjoys direct access to the sea and is located in an area known for its mild, dry and particularly warm climate, supporting an extended tourism season that may reach up to 10 months per year.

Its setting combines direct proximity to the coastline with natural shade provided by tamarisk trees and the atmosphere of a picturesque bay with a traditional small fishing harbour.

Key Property Features

The hotel is developed on a plot of approximately 2,500 sq.m., with a total built area of approximately 2,300 sq.m.

The property comprises:

approximately 60 guest rooms
total capacity of approximately 140 beds
double rooms
studios
maisonettes
suites
the majority of the accommodation units enjoying sea views

The variety of accommodation types allows the property to serve different guest profiles while providing significant flexibility in its commercial operation.

Common Areas & Facilities

The hotel facilities include:

2 restaurants
2 swimming pools
communal restroom facilities
approximately 400 sq.m. of additional areas, including terraces, balconies and semi-outdoor spaces
traditional stone boundary walls constructed with Elounda stone
new DEUTSCH 160 KVA generator
Condition & Upgrade Potential

The property requires partial renovation, creating an opportunity for a new investor to reposition and further enhance the hotel product.

Based on its existing characteristics, the property offers the potential to be considered for an upgrade to a 4-star category, subject to the required renovation works, approvals and official classification procedures.

Adjacent Independent Development Plot – Included in the Sale

A significant investment advantage is the inclusion of an adjacent, legally independent and buildable plot of approximately 1,000 sq.m., owned by the same company.

The additional plot offers:

approximately 1,000 sq.m. of land
remaining buildable area of more than 1,000 sq.m.
frontage extending from the provincial road towards the coastal frontage
substantial potential for further development

Although legally independent from the hotel property, the plot has been functionally incorporated into the overall hospitality complex and significantly enhances the property’s future development potential.

Existing Legal Buildings

The property also includes:

an old stone building dating from before 1923, with a building permit
premises legally operating as a restaurant
traditional stone construction of particular architectural and aesthetic value
licensed food and beverage commercial premises
Location – Indicative Distances
Direct access to the sea
Ierapetra: approximately 15 km
Agios Nikolaos: approximately 50 km
New Kastelli International Airport: approximately 80 km
Investment Potential

This property represents a compelling seafront hospitality investment opportunity in South Crete, combining:

direct access to the sea
an established hotel operation
approximately 60 rooms and 140 beds
two swimming pools and organised food & beverage facilities
renovation and repositioning potential
additional development potential through the adjacent plot
a combination of traditional architectural elements and modern hospitality infrastructure

The asset is particularly suitable for hotel groups, investment companies and private investors seeking a seafront hospitality property with substantial expansion and repositioning potential in Crete.

Planning documentation, technical information and additional property details are available upon request.

Property ID: 4875

The photographs shown in the listing are indicative and do not depict the actual property. A satellite image is included in the presentation, clearly showing the two legally separate plots. RE/MAX Real

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Remax real 1: Heraklion, Crete, Sofokli Venizelou Avenue [hidden information]
Phone: [hidden information]598 Mobile: [hidden information]
Email: [hidden information]

Remax real 2: Agios Nikolaos , Themistokleous 6 , 72100
Phone: 2841181240 Mobile: [hidden information]
Email: [hidden information]

We are at your disposal for any additional information and to schedule a visit to the property. Contact us today to find the property you have always dreamed of!