General Description

This splendid 15-room hotel apartment complex is situated in a tranquil location between Protaras tourist area and Pernera and it is just a short walk from the infamous buzzling tourist centre. The most amazing beaches of the island are just 20 minutes away. The project features self-catered accommodation with a large outdoor swimming pool and a small snack bar. The inviting pool with patio for laying in the sunshine is surrounded by colorful plants, trees, and shrubs.  All apartments are elegantly decorated and open to a balcony. Each consists of 1 or 2 bedrooms (sleepers) and a kitchenette with a mini-fridge, cooking hobs and coffee maker. A TV and iron are also included.

The hotel is run with one of the lowest REVPAR’s in the market despite its extraordinary central location. The annual occupancy is 20% less in comparison with other hotels of its category.

Required improvements based on the analysis of Amazon Investments Hotel Management Department

  • Due to its quiet and serene location the complex could be rebranded to attract middle-income tourists, whose demand in the region according to our statistical findings is not met at the moment. Until today the hotel is advertised as a cheap destination for low-income individuals from the United Kingdom. This is the main reason why this business is operating on a considerably low ADR and RevPAR.
  • A visionary investor could easily transform the business into a two-star hotel through a reconstruction adding 10 rooms. Based on the new legislation introduced by the Cypriot government in 2018 an additional floor can be constructed. Most existing amenities comply with the standards set by the Cyprus Tourist Organisation. Specifically, there is an external swimming pool with a total area of 85 square metres, while there is not an obligation for constructing an internal swimming pool. In addition, the parking lot should be extended In order to include five additional parking areas.
  • Improvement of energy consumption, ventilation, and cooling capabilities.
  • Replace the existing hotel management team
  • It is indispensable two Russian-speakers to be employed in order to enhance the experience of Russian speaking customers who are the 45% of the existing customers
  • Reduce the dependence from booking.com by employing a sophisticated self-reliant marketing strategy (website, social network campaigns, etc.)

Profitability Ratios

Why to cooperate with Amazon Investments  

  • Massive experience as hotel owners for more than 40 years.
  • Our aim is to achieve maximum profitability for our clients by eliminating any inefficiencies
  • Our conclusions and findings are based on sophisticated investment analysis and data.
  • We have the largest database of hospitality projects in Cyprus
  • We can help you manage your hotel and create a passive income business
  • We charge much lower commission fees than real estate agents

Communicate with us

This property is handled by our senior investment analyst: Andrey Ivanov, Tel. 99 907 907, E-mail: [email protected]

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