Famagusta, Ayia Napa, Cyprus

Established Hotel Apartment Investment Opportunity Located in Ayia Napa, Famagusta

This exceptional hospitality asset represents a rare value-add investment opportunity in the centre of Ayia Napa, one of Cyprus' most popular tourist destinations. Family-owned and successfully operated since 1980, the property was among the first hotel apartment developments in Ayia Napa and has built a long-standing reputation within the local tourism market.

Occupying a prime location, the hotel is situated within walking distance of Ayia Napa's vibrant entertainment district, offering immediate access to a wide selection of restaurants, bars, cafés and retail amenities, while the nearest sandy beach is just a five-minute walk away.

Status - Fully Operational
Title / Ownership - Held through SPV
CTO Category - P
Note: The last 2 photos show the planned expansion to a 3-star hotel with approximately 167 rooms featuring a new outdoor pool design and other lifestyle and leisure facilities.

Property Features:
Hotel Apartments - 93
Studios - 48
One-Bedroom Apartments - 37
Two-Bedroom Apartments - 8
Building Plot - 6,848 m²
Project Cover Area - Approx. 6,513 m²
Building Density - Approved for Increase

Hotel Features:
The existing property provides an established base for continued operation, with the current 93-room configuration comprising studios and one- and two-bedroom apartments. Its central position and proximity to the beach and town amenities support its existing hospitality use.

Planning permission has been granted for redevelopment into a new 3-star hotel with approximately 167 rooms and a total covered area of 13,808 m². The proposed scheme includes full-board facilities, a mini market, outdoor pool and leisure facilities, wellness and spa facilities, gym facilities, a ballroom for weddings and dinner events, and 70 covered parking spaces.

An alternative refurbishment strategy could retain a substantial part of the existing structure while increasing capacity, providing a potentially more cost-efficient route for repositioning the asset. The property is also held through SPV, whose sole asset is the hotel, allowing the transaction to be structured as a share acquisition, providing a streamlined acquisition process.

Approximate Distances:
Limanaki Beach: 500 m - approximately 6 minutes’ walk
Ayia Napa Harbour: 700 m - approximately 9 minutes’ walk
Ayia Napa Town Centre: 500 m - approximately 6 minutes’ walk
Nissi Beach: 3.5 km - approximately 8–10 minutes by car
Ayia Napa Marina: 6 km - approximately 12 minutes by car
Cape Greco National Forest Park: 8 km - approximately 15 minutes by car
Protaras: 12 km - approximately 15–20 minutes by car
Larnaca International Airport: 58 km - approximately 45 minutes by car