News Local Nicosia hotels seek new owners

Nicosia hotels seek new owners

Hotels are changing hands in Nicosia and others are seeking new owners due to large expenditure and debts which have been created during the past couple years. The City Hotel located within the walls of Nicosia, on Ledra and Onassagorou Street has been advertised for sale in the press. It has a selling price of €1.8 million and consists of a basement, ground floor, mezzanine and 4 floors with 32 rooms. It also has a large store on Ledra Street and one on Onassagorou.

The hotel in question is currently out of order and is a listed building with a total area of ​​306 sq.m. while the building is around 1.800 sq. meters. Great interest has also been expressed for the Hilton Hotel in Nicosia as part of a PwC sales tender commissioned by the owner of MIG. According to press reports, 10 applications have been filed during the non-binding bidding phase.

An investor is also looking at the “Yiorkio Residence” which closed down ten years ago. Attempts to reopen the hotel by foreign investors have not been fruitful. An auction for the Berengaria Hotel located in Prodromos, with a selling price of €2.36 million ended without a buyer. Besides Nicosia, the REMU service of Bank of Cyprus is putting a hotel in Pyla, 540 metres from the Larnaca – Ayia Napa highway up for sale. The selling price is €7.5 million.

Top Stories

Three covid deaths in Cyprus, new cases drop further to 157 but fewer tests

  Cyprus recorded three covid deaths over the past 24 hours, raising the number to 170,  113 men and 57 women, with an average age...

Thousands protest in Amsterdam against Dutch coronavirus lockdown

  Several thousand today people held an unauthorised protest in Amsterdam against a national lockdown to slow the spread of the coronavirus pandemic, before being...

Search and rescue crews looking for woman off Larnaca

  The Search and Rescue Coordination Centre in Larnaca received a call around four in the afternoon about a 70 year old woman missing off...

Rapid Test locations on Monday Jan 18

Here are the rapid test locations for Monday January 18 Limassol Apostolos Loukas church, Ayios Athanasios (Ayios Athanasios refugee settlement) 8.30-4.30 Ayios Stylianos church, Linopetra 8.30-4.30 Mesa Yeitonia Cultural Centre...

German FM says COVID curbs should be eased for vaccinated people

  People who have been vaccinated against COVID-19 should be allowed to go to restaurants and cinemas earlier than others, a German minister said, contradicting...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...