Hotel for sale, Magnesia Prefecture, Pinakates

Pinakates, nestled in the verdant mountains of Pelion, is renowned for its timeless beauty, rich history, and authentic Greek culture. - The mansion sits on a spacious plot of 570 m2, offering a tranquil retreat surrounded by nature's splendor. - Built in 1840, this historic mansion boasts 290 m2 of elegant living space, exuding old-world charm and sophistication. - With the potential to expand by an additional 200 m2, the property presents an opportunity for further development and enhancement.

Purchase Price: €350,000 - Estimated Renovation Cost: €450,000 - Total Investment: €800,000 - Potential State Funding: Up to 40% - Favorable Financing Options: Available through e.g. Alpha Bank, Eurobank

Upon renovation and refurbishment, the mansion will offer 8 luxurious suites, each adorned with traditional elegance and modern comforts. - A dedicated breakfast hall will provide guests with a culinary journey, featuring locally sourced ingredients and authentic Greek flavors. - The addition of a pool area in the garden will enhance the guest experience, providing a tranquil oasis amidst the natural beauty of Pelion. Transforming Tradition: Project Vision “Daskalakis Mansion” – Pinakates 5

Luxury suite rates in Pelion range from €150 to €250 per night, reflecting the region's appeal to discerning travelers. - With an average booking of 100 to 140 nights per year, the property has significant revenue generating potential in Pelion's thriving tourism market.

With an average nightly rate of €200 and 80% occupancy, the property can generate annual revenue of €115,200. - After deducting operating expenses and loan repayments, investors can expect a healthy return on investment, with the potential for long-term growth.

Investing in the Pinakates Mansion presents a rare opportunity to preserve history, create memorable experiences, and generate sustainable returns.