£7,715,997
Villa for sale
Property photos
£7,715,997
€9,000,000
Villa for sale
Ayia Napa, Famagusta, CyprusLocal area information
Property location
This location is approximate only. Contact the agent for the exact address.
Nearby amenities
Features and description
Established Hotel Apartment Investment Opportunity Located in Ayia Napa, Famagusta
This exceptional hospitality asset represents a rare value-add investment opportunity in the centre of Ayia Napa, one of Cyprus' most popular tourist destinations. Family-owned and successfully operated since 1980, the property was among the first hotel apartment developments in Ayia Napa and has built a long-standing reputation within the local tourism market.
Occupying a prime location, the hotel is situated within walking distance of Ayia Napa's vibrant entertainment district, offering immediate access to a wide selection of restaurants, bars, cafés and retail amenities, while the nearest sandy beach is just a five-minute walk away.
Status - Fully Operational
Title / Ownership - Held through spv
cto Category - P
Note: The last 2 photos show the planned expansion to a 3-star hotel with approximately 167 rooms featuring a new outdoor pool design and other lifestyle and leisure facilities.
Property Features:
Hotel Apartments - 93
Studios - 48
One-Bedroom Apartments - 37
Two-Bedroom Apartments - 8
Building Plot - 6,848 m2
Project Cover Area - Approx. 6,513 m2
Building Density - Approved for Increase
Hotel Features:
The existing property provides an established base for continued operation, with the current 93-room configuration comprising studios and one- and two-bedroom apartments. Its central position and proximity to the beach and town amenities support its existing hospitality use.
Planning permission has been granted for redevelopment into a new 3-star hotel with approximately 167 rooms and a total covered area of 13,808 m2. The proposed scheme includes full-board facilities, a mini market, outdoor pool and leisure facilities, wellness and spa facilities, gym facilities, a ballroom for weddings and dinner events, and 70 covered parking spaces.
An alternative refurbishment strategy could retain a substantial part of the existing structure while increasing capacity, providing a potentially more cost-efficient route for repositioning the asset. The property is also held through spv, whose sole asset is the hotel, allowing the transaction to be structured as a share acquisition, providing a streamlined acquisition process.
Approximate Distances:
Limanaki Beach: 500 m - approximately 6 minutes’ walk
Ayia Napa Harbour: 700 m - approximately 9 minutes’ walk
Ayia Napa Town Centre: 500 m - approximately 6 minutes’ walk
Nissi Beach: 3.5 km - approximately 8–10 minutes by car
Ayia Napa Marina: 6 km - approximately 12 minutes by car
Cape Greco National Forest Park: 8 km - approximately 15 minutes by car
Protaras: 12 km - approximately 15–20 minutes by car
Larnaca International Airport: 58 km - approximately 45 minutes by car
This exceptional hospitality asset represents a rare value-add investment opportunity in the centre of Ayia Napa, one of Cyprus' most popular tourist destinations. Family-owned and successfully operated since 1980, the property was among the first hotel apartment developments in Ayia Napa and has built a long-standing reputation within the local tourism market.
Occupying a prime location, the hotel is situated within walking distance of Ayia Napa's vibrant entertainment district, offering immediate access to a wide selection of restaurants, bars, cafés and retail amenities, while the nearest sandy beach is just a five-minute walk away.
Status - Fully Operational
Title / Ownership - Held through spv
cto Category - P
Note: The last 2 photos show the planned expansion to a 3-star hotel with approximately 167 rooms featuring a new outdoor pool design and other lifestyle and leisure facilities.
Property Features:
Hotel Apartments - 93
Studios - 48
One-Bedroom Apartments - 37
Two-Bedroom Apartments - 8
Building Plot - 6,848 m2
Project Cover Area - Approx. 6,513 m2
Building Density - Approved for Increase
Hotel Features:
The existing property provides an established base for continued operation, with the current 93-room configuration comprising studios and one- and two-bedroom apartments. Its central position and proximity to the beach and town amenities support its existing hospitality use.
Planning permission has been granted for redevelopment into a new 3-star hotel with approximately 167 rooms and a total covered area of 13,808 m2. The proposed scheme includes full-board facilities, a mini market, outdoor pool and leisure facilities, wellness and spa facilities, gym facilities, a ballroom for weddings and dinner events, and 70 covered parking spaces.
An alternative refurbishment strategy could retain a substantial part of the existing structure while increasing capacity, providing a potentially more cost-efficient route for repositioning the asset. The property is also held through spv, whose sole asset is the hotel, allowing the transaction to be structured as a share acquisition, providing a streamlined acquisition process.
Approximate Distances:
Limanaki Beach: 500 m - approximately 6 minutes’ walk
Ayia Napa Harbour: 700 m - approximately 9 minutes’ walk
Ayia Napa Town Centre: 500 m - approximately 6 minutes’ walk
Nissi Beach: 3.5 km - approximately 8–10 minutes by car
Ayia Napa Marina: 6 km - approximately 12 minutes by car
Cape Greco National Forest Park: 8 km - approximately 15 minutes by car
Protaras: 12 km - approximately 15–20 minutes by car
Larnaca International Airport: 58 km - approximately 45 minutes by car
More information
Listed by
SLV Estates Ltd
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