Operational Boutique Hotel in Central Athens

Hospitality investment opportunity in Pagkrati, Athens, located approximately 2 minutes’ walk from the Panathenaic Stadium (Kallimarmaro) and within easy reach of the Acropolis, Zappeion Hall, Monastiraki and other major tourist and cultural attractions. The property comprises approximately 545 m² across six levels, from basement to fourth floor, and operates as a fully established 14-room hotel. The accommodation comprises single, double and triple rooms and is supported by an elevator, disabled access, air conditioning, independent natural gas heating, three-phase electricity, double-glazed aluminum frames, and quality marble and hardwood flooring. The asset offers two acquisition structures, providing flexibility for both hospitality operators and passive investors. The real estate is available for €1,600,000. Under this structure, the existing hotel operator has a lease in place through 2030, currently generating €2,700 per month in rental income, offering the buyer an established income-producing commercial property without the requirement for direct hotel management. Alternatively, the complete property together with the operating hotel business is available for €2,000,000. This structure provides the opportunity to acquire a turnkey hospitality asset and directly participate in the hotel's operating revenues. Historical room rates range approximately from €50 to €100 per night, depending on room type and season, with established operating performance and occupancy. The property's central Athens location, proximity to major tourist attractions, established hotel operation and flexible acquisition structures make it suitable for investors seeking either a leased hospitality real estate asset or an operational hotel investment with potential for further revenue optimization. Detailed financial, operational and legal information is available to qualified investors upon request.