Set on an expansive 6,800 sq.m. plot, this significant 4,000 sq.m. hotel in Rio, Achaia, presents an unparalleled investment opportunity just 50 meters from the coastline. Located in a vibrant, touristically developed area of Western Greece, this property holds substantial commercial value, ideal for investors seeking high-yield prospects in the hospitality sector.
The hotel comprises 90 well-appointed rooms, each featuring a balcony, individual A/C, and essential amenities, complemented by a total of 95 bathrooms. Its robust infrastructure includes six lounges, a kitchen, a 70-seat restaurant, a pool bar, and a private pool. Spread across eight levels within two buildings and serviced by four elevators, this 2-star establishment, built in 1970 and closed since 2000, maintains a solid structure ready for revitalization.
With its strategic location, offering unlimited mountain and sea views, and proximity to major transport hubs (10 km to port/seaplane, 50 km to airport), the property is perfectly suited for a luxury renovation or re-launch as a boutique hotel. This investment property may qualify for a renewable Greek residence permit.