Crown Resorts Hotel for auction on March 11

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galexinda
Posts: 971
Joined: Wed Dec 28, 2016 9:47 am
Location: Paphos

Crown Resorts Hotel for auction on March 11

Post by galexinda » Fri Feb 14, 2020 5:18 pm

The four star Crown Resorts Hotel in Peyia is being sold at auction on March 11.
The reserve price for the hotel is €21,450,000.
The hotel is situated on a plot of land of 18,100 square metres at Kokkinokambos, Peyia in the Paphos district.
The auction will be held at 10 am on March 11 in Emba.
According to the auction notice, the property will not be sold if the reserve price is not covered.
Written offers can be handed over in person to the auctioneer.

https://in-cyprus.com/paphos-four-star- ... _h5MpWFx9M

Tanny
Posts: 25
Joined: Thu Aug 15, 2019 4:46 pm

Re: Crown Resorts Hotel for auction on March 11

Post by Tanny » Fri Feb 14, 2020 6:21 pm

Its been for sale for a long long time with little interest and no takers. Good luck to the auctioneer.

In general the price of hotels heroes over priced and given the age and condition of them require considerable money to be spent subsequently to modernise..

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