Elounda, Crete 72053

Elounda, Lasithi. A 5-star boutique hotel is available for sale in a unique location with panoramic sea views and immediate potential for the development of a high-standard tourism resort. The property holds an approved building permit for a hotel development with a total buildable area of 3,583 sq.m. On a plot of 15,433 sq.m., featuring a capacity of 77 suites and planned facilities including restaurants, bars, spa, gym, and wellness areas, allowing for immediate commencement of construction. The project includes contemporary suites and villas of high aesthetic standards, featuring private pools and architecture fully harmonized with the natural environment of the area. Furthermore, there is additional development potential through the utilization of adjacent plots, while the property benefits from approved development incentives and subsidy programs, significantly enhancing its investment value. This is a rare investment opportunity in Elounda, ideal for the development of a luxury hospitality project in one of the most prestigious destinations in the Mediterranean.