Investment Opportunity: ATLANTIS Boutique Hotel – Hurghada, Egypt
Asking Price: EUR 8,000,000
Overview
A modern, ready-to-operate boutique hotel built in 2024, located in the central tourist district of Hurghada. The property offers flexible usage models and is ideal for an international brand or independent operator.
Key Facts
• Type: Standalone boutique hotel
• Total building area: 9,000 m²
• Site share: 47,000 m² (includes central lake and landscaped greens)
• Floors: 5
• Current units: 68 (expandable)
• Total living area of units: 3,516 m²
• Elevators, private pool, underground parking
• Restaurant/kitchen & fitness center – ready for finishing
• Construction: 100% completed (2024)
• Building licenses: obtained
• Tourism license: in process
• Utilities (water & electricity): connected
• Legal due diligence: completed by Anthony Law Firms
Prime Location
• 10 minutes to Hurghada International Airport
• 3 minutes to Sheraton Street (restaurants, nightlife)
• 3 minutes to Mamsha (cafes, shops)
• 5 minutes to public beach
Architecture & Amenities
• Central lake – 4,114 m²
• Landscaped greens – 21,792 m² (46.5% of the site)
• Private hotel pool, pool deck & pathways
• Underground parking
Unit Mix (68 units, expandable)
• 1-bedroom units: various sizes from 45 m² to 102 m²
• Condu (studio-like) units: from 50 m² to 73 m²
• Studios: from 28 m² to 33 m²
• Total living area: 3,516 m²
• Flexible layout – number of units can be increased
Ownership & Legal Status
• Ownership confirmed: Castello Town Real Estate Development
• Building licenses: Nos. 128/1996, 1404/2004, 182/2010
• Purchase contract from Nueva Merit (2024)
• Commercial registry: No. 2423
• Utilities confirmed
• No encumbrances or debts
• Freehold (building + land share) or SPV transfer available
Potential Business Models
1. Boutique Hotel – 68 rooms (expandable), restaurant & gym ready for finishing. Ideal for brand or independent operation.
2. Apartment Hotel – Sell units individually, target long-term rentals (expat/local market). High demand in central Hurghada.
3. Hybrid Model – Part hotel, part long-term rentals for maximum flexibility.
The property is located within a large residential & retail complex, ensuring built-in demand.
Transaction Terms
• Price: EUR 8,000,000
• Payment structure: 50% at closing / 50% within 24 months
Process
1. Sign NDA
2. Full data room access
3. Site visit
4. Buyer due diligence
5. Closing