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The Hotel Egosthenion, due to its geographical location, ancient Egosthena, chosen by the ancient Greeks (see history) with it's driest and most salubrious climate in Attica(Athens), ideal for those suffering from lung diseases such as tuberculosis, asthma ect. Temperatures, during the winter months with the coldest days around 8C0 and, during the summer, the hottest days around 35C0. This is a great opportunity for an Investement as a RETIREMENT RESORT AND MEDICAL CENTER (used by the mythical Melampus see Greek mythology).
Grecee Moves Full Speed On Medical Tourism development. A Joint Ministerial Decision that outlines the conditions for the practice of medical toursm in Greece was recently signed by Tourism Minister Olga Kefalogianni and Health Minister Adones Georgiadis.
Greece's ultimate aim is to become a destination that combines medical services with leisure travel. (which means a lot of money will be offering for such kind of investement, along with many taxation fasilities).
It combines a mountain and sea environment as it lies at the foot of mount Kythaironas 1300 m altitude, the second most famous mountain in Greek mythology after Olympus.
It lends itself perfectly for training activities for people who engage in mountain and sea sports, for treking and is generally ideal for anyone who seeks relaxation and quietness in good weather, (not far from Athens) as well for cultural activities such as the museums, music, theatres ect.
Only two and half hours from the Parnassos ski resort, above Arachova(Delphi), during winter, it is possible to go skiing in the morning and in the late afternoon, to swim in the clear crystal waters of Porto Germeno bay.
Visitors may also sail from the nearby marina of Porto Germeno around the Corinthian and Saronic gulf.
The property is 35.000-40.000 m² which can be used for many activities.
The hotel guest will have many opportunities to exercise: On the tennis court, the basket courts, the 5x5 soccer field, the golf, the swimming pool and the indoor-outdoor gym. They can also relax by the pool bar and the restaurant terrace or roof garden with the panoramic view to the Corinthian gulf , gaze at the amazing sunset.
The visitor can swim to the nearby beach, and trek on the surrounding mountains . Enjoy traditional food at the local restaurants "tavernas", fresh fish in Porto Germeno and the best lamb chops in Villia, a small town 10 kms away.
In case of any emergency , guess can be within 30' at the fully equipment hospital of TRIASIO (30klm)
REAL PROPERTY VALUE. In accordance with a reliable estimation at present, the value of the land lots and the buildings amounts around 5 million Euros. With the potential after renovation, to reach around 10 million Euros.
Below, you can see the hotel renovation's design and you can download here the autocad files and a google sketchup file. A tennis and basketball court are included in the renovation plans.
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THE INVESTMENT
1.Technical Description
The investment encompasses the complete renovation and upgrading of the hotel, it's sports facilities, the remodelling and beautification of the surrounding area covering 35.000-40.000m2 .
The areas of each floor(levels) shall be totally redesigned so as to create the following:
68 double bedded rooms with 2 suites on the 2 floors and 2 office(store rooms), 10 double bedded rooms for people with disabilities on the Semi-ground first level, 10 rooms for the hotel staff, kitchen, restaurant expansion, lobby, bar with sitting area, common use areas, room for multiple uses.
On the top floor, 4 suites and a roof garden and on the percola, solar panels for self energy sufficiency.
In the semi basement ground floor, a reception, meeting room for upto 200 people, store room, an installation for central heating and water, Doctor's surgery, saunas, gym room, massage room.
In the garden, swimming pool, bar, tennis and basket courts, mini golf, small 5x5 soccer field, trails for walks, mountain huts, biological purification, parking area.
PROJECT'S BUDGET
The budget for renovation works, while the analytical description of this Project's budget and the itemized costs along with the Technical Report, the sketches and renovation licence issued by the land Planning Service will be submitted upon completion of the Project.
INVESTMENT FINANCING OF RENOVATION
Renovation works will be fully financed through the RENTER company or individual, amounting to approximately 3.500.000 Euros as well as the operating capital. According to the new "ΕΣΠΑ" financing program by the EU, which will be approved in February, certain amounts on the above investment will be subsidized at around 50% and the remaining amount by upto 30%. The company, Omega Touristiki SA is aiming to find an 'Investor Renter' for the renovation and to sign a contract for a rental period up to 20 years without asking rent for the year of the renovations. We are also aiming at a 'Renter who already has a similar business of a 'Resort Hotel' Retirement Home / Beauty Centre / Athletic Centre / Medical Centre etc. The rent can be also negotiated under the condition of our participation in the business.
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