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

Britain’s Banksy depicts U.S. flag on fire in Floyd tribute

  Reclusive British street artist Banksy published a new artwork online on Saturday which depicts the United States flag being set alight by a candle...

What U.S. police are shooting at protesters

  Police across the United States are using a variety of weapons on protesters during demonstrations against the death of an unarmed black man in...

Cyprus, Greece working together to promote tourism, says Perdios

  Cyprus Deputy Minister of Tourism, Savvas Perdios, underlined that Cyprus and Greece send the message that they have successfully  contained the COVID-19 pandemic, to...

Ministry issues guidelines for operation of gyms

    As part of efforts to prevent the spread of coronavirus, the Health Ministry has unveiled guidelines for the operation of gyms ahead of their...

One death, no new coronavirus cases

    A 68 year old man with coronavirus had died, the Health Ministry said on Saturday as it also announced no new positive cases for...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...