Land for Luxury Hotel
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This is a land which is suitable for a luxury hotel development. Situated close to another hotel (Kalambaka's biggest), we think there is a good need for a high end hotel in this area, which is a tourism hot-spot (famous within Greece) after consulting with some of the top tour local agents there.
We have not done a through construction cost estimation, but we compare a benchmark where the earlier mentioned hotel was completed with a build cost of about £1mil and we think it would be a great investment with Greece foreseeing a high growth of international investors, especially from China (despite the economic challenges the country is facing).
The land owner is willing to negotiate a collaboration with the investor for a fair share in the completed investment and development. This is a great opportunity to look further into.
We have not done a through construction cost estimation, but we compare a benchmark where the earlier mentioned hotel was completed with a build cost of about £1mil and we think it would be a great investment with Greece foreseeing a high growth of international investors, especially from China (despite the economic challenges the country is facing).
The land owner is willing to negotiate a collaboration with the investor for a fair share in the completed investment and development. This is a great opportunity to look further into.
