All the necessary permissions for the construction of a 5 Star Hotel have been issued and approved by the Greek Authorities. The Hotel will have 150 beds (4.000 m2).
For an investment like this there will be either government subsidies, grants or 10 year tax-free period on the profits, we shall know more in the end of June with the new investment law. More info www.investingreece.gr
There will
be a restaurant, pool bar – barbeque. Rent a car and limo service at the hotel,
and a beach bar.
The advantage with this Land is that the surrounding pieces of land, which cannot be developed on their own, are for sale. It means that there is the big option to buy cheap land that can increase the hotel to 250 beds and even build 50 apartments above the road 50m2 each with can be on the market as timeshare object. In this case the money generated by this can finance the hotel project.
With the present economic crisis I cart go on with this investment alone it is a yerry good business opportunity so I am looking to sell this land or have a partner – partners to go on with it, in this case I can quarantine that they shall have a minimum return on their invested capital of 20% every year for the next 5 years.
The construction time for this project is 6 months, construction company www.civenco.gr You can find information about Kos Mastihari on the WEB.
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