Re: The Hotel in Greece: http://dalli.com/greece/ref3219.html
This Hotel , as other Hotels in Greece is open for business presently only 7 months a year. Most Hotels in the area close during the Winter months! This is why it is priced for sale for only $13,500,000.00 USD! As other income producing properties, the appraised price was determined by its present income. A wise investor utilizing simple logic would see its potential... Example, presently the Hotel consists of 90 Rooms, however, an additional 15 rooms have been built and almost completed and ready to be rented. With the addition of these 15 rooms and Conference Hall, it stands to reason that this Hotel's income will increase. When reappraising this Hotel's value, utilizing the Income approach, and considering the anticipated higher income, (due to the above mentioned additions) this 4 Star Hotel will appraise at a considerable higher value than what it is presently being sold for. The owner stated, "We have been constructing 15 new buildings and a conference hall of about (1230 sq. m) the cost of which has been taken from the hotel's revenue". This hotel, is located on the famous Black Sand Beach of the island. As you are probably aware, it is situated at the most popular island of Greece - a favorite resort for celebrities, film stars and such. If one were managing this Hotel during the winter months, one would cater to people that live in extreme cold climates. The Winters in Greece may be cold to Europeans and Americans, (People that live in warm climates) however, people that live in Russia and Canada as an example, would find Greece in the Winter just perfect.... (Especially so, if during the Winter months the rooms were rented at a reasonable discount) If what I stated above is correct, being able to pull Tourists from Countries having extreme Cold Winters, during the Winter Months to vacation at this beautiful Hotel, this would further increase its income. Increased income further increases this Hotel's Value... AGREE? If you agree and you happen to be a Real Estate Broker, use the above as a tool to sell this 4 Star Hotel... Photos of this beautiful property is available upon request - via email. A. Dalli, Owner of Dalli International (http://www.dalli.com) is seeking a reasonable offer... and will split his 6% commission with the Selling Broker on a 50/50 basis - as a finder's fee I am requesting 20% of the Selling Broker's commission. Do contact me if you are interested in receiving pictures and/or have questions. Thank you for your time. - D. Dalli [EMAIL PROTECTED] Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
