News Local No buyers for Berengaria at Limassol auction

No buyers for Berengaria at Limassol auction

An auction of the once monumental and long-abandoned Berengaria Hotel in Prodromos failed to secure a buyer on Tuesday.

The reserve price was €2.360.000 and although there was interest from prospective buyers, they did not meet the price sought by the Bank of Cyprus.

There will be a new auction in three months, with a lower reserve price.

The sale covers 26,520 square metres of land and a building of 4,980 square metres.

Efforts by the hotel’s owners to find investors that would breathe new life into the hotel failed and it ended up in the hands of the bank.

Built 80 years ago, the hotel has 80 rooms in two wings, as well as additional  sleeping quarters of 280 square metres and a 200 metre restaurant.

Read more

https://in-cyprus.com/news/local/auction-of-once-legendary-berengaria-hotel-tomorrow-video/

Top Stories

Indian woman, 25, involved in Andrei Popa murder, jailed

Larnaca District Court sentenced a 25-year-old Indian woman, resident of Larnaca, involved in the Andrei Popa case to 45 days in prison on Monday. The...

Night clubs request that they reopen with no dance floor and no bar services

The Pancyprian Association of Nightclubs (PA.SY.KE.D.) addresses a last appeal to the Minister of Health, the Minister of Finance and the Deputy Minister of...

Fifteen new coronavirus cases detected out of 2,709 tests

The Ministry of Health has announced that 15 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...

Households and businesses affected by Medicane Ianos to be compensated

Prime Minister Kyriakos Mitsotakis promised the flood-stricken households and businesses of Karditsa that the government will stand at their side with "speed and determination",...

Workshop on forging synergies between industry and scientific research organised for Industry Week

A workshop was organised on Tuesday, in Nicosia, to discuss ways to forge synergies between industrial production and scientific research sectors, in a bid...

Taste

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...

Meatballs with tomato and cumin

Place all meatball ingredients in a bowl and knead well with hands. Keep the mixture in the fridge for approximately 1 hour to thicken. In...

Crushed wheat pilaf with sausages and halloumi

Ingredients: 1 cup bulgar wheat ¼ of the cup vermicelli noodles or spaghetti, broken into small pieces 1 onion 2 sausages 1 cup tomato juice 1 vegetable stock cube 1/3 ts...