Hotel in Larnaca for sale

3-Star Hotel Investment Opportunity – 23 Keys An established 3-star hotel set on a 1,700 sqm plot, offering a strong value-add and repositioning opportunity for hospitality investors. Property Overview: Constructed in 1984, this 23-room hotel operates with a complete hospitality layout and solid fundamentals. The asset is ideally suited for modernization to enhance category, rates, and overall asset value. Suitable for: - Leisure tourism - Extended-stay guests - Conversion into a boutique or lifestyle hotel concept Facilities: - Restaurant - Swimming Pool & Leisure Area - Lobby / Reception - Basement Laundry & Service Area Key Investment Highlights: - Attractive for private investors or small hotel groups - Large land plot with operational flexibility - Multiple income streams (accommodation, F&B, leisure) - Clear upside through renovation and repositioning - Competitive entry price for the local hospitality market The Opportunity: With targeted refurbishment, the hotel can be repositioned to capture higher Average Daily Rates, improve occupancy, and significantly enhance long-term capital value. Also possible for a further floor to be built adding 10 further studios to the property. Further details available upon request.