Antiparos hotels — specifically a beach house Antiparos concept — demonstrate enormous promise. Paros and Antiparos both show massive growth potential with the construction of a new international airport. We are entering a market at the beginning of its upward cycle. The island currently sports two great luxury hotels, representing 10% of total room sales.
With so much potential growth for the luxury segment, we think the authentic experience of small boutique hotels in several locations on the island will invite even higher returns considering the holding period. At present, the competition is relatively low and will likely remain that way for a while.
We foresee eight keys plus three luxury small villas in the pipeline, with an initial investment of 1,300,000 euros plus 500,000 euros for the additional villas. A 50% minimum equity is required by the investor, with local financing available. With expected ADR at 500 euros, the project will cash-flow in full within two years. In five years, we project a sale price of 2,800,000 euros on the total complex, with an expected net cash-out of 1,800,000 euros. To request a more detailed NPV calculation, please email us directly.