Hotel for sale in Protaras, Famagusta

Introducing a captivating touristic development in the heart of Protaras, Famagusta. This remarkable property, located adjacent to the renowned Protara-Kavo Gkreko Avenue, presents an incredible opportunity for discerning investors. Boasting a prime location just 325 meters southwest of the captivating Green Bay beach and a mere 1.8 kilometers southeast of the picturesque Fig Tree Bay, this asset offers an ideal setting for an unforgettable holiday experience. Comprising an impressive main hotel building spanning approximately 2,947 square meters, this property exudes potential. The ground floor features a welcoming reception area, a captivating lobby, and a delightful bar and restaurant for guests to indulge in culinary delights. The basement houses convenient storage rooms, staff changing facilities, and well-appointed toilets. Ascend to the first, second, and third floors, and discover 62 tastefully designed hotel apartments, including 32 spacious one-bedroom apartments and 30 cozy studio apartments, ensuring a range of accommodation options to cater to diverse preferences. Beyond the main hotel building, six charming two-story apartment blocks beckon, covering a generous area of around 1,993 square meters. These blocks comprise 44 inviting apartments, including 24 thoughtfully designed one-bedroom apartments and 20 comfortable studio apartments, perfect for creating an intimate and welcoming atmosphere. Step outside and be greeted by the enchanting sight of expansive landscaped gardens, where nature flourishes in harmony with the property's spirit. Unwind by the inviting swimming pool, basking in the Mediterranean sun, or engaging in a friendly match on the tennis court, guaranteeing hours of entertainment for all. The total land area of the whole development is 10,702 m2. Conveniently nestled amidst a thriving touristic hub, this development benefits from its proximity to an array of amenities offered by neighboring establishments. With easy access to all areas of Protaras, residents and guests can explore the vibrant surroundings and discover the true essence of this captivating destination. While the property does require renovation and restoration, it presents an exceptional opportunity to shape a masterpiece, allowing your vision to transform it into a premier tourist destination. Embrace the untapped potential of this remarkable asset and unlock a world of possibilities in Protaras, Famagusta.