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The Hilton Rhodes Resort Ixia, Greece

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The Hilton Rhodes Resort Ixia, Greece the hilton rhodes resort ixia, greece HVS HODGES WARD ELLIOTT the hilton rhodes resort ixia, greece HVS HODGES WARD ELLIOTT { executive summary } INTRODUCTION HVS Hodges Ward Elliott has been exclusively commissioned to off er for sale the Hilton Rhodes Resort. The hotel contains 402 rooms and is one of the leading 5-star resort properties on the Island of Rhodes. HVS HODGES WARD ELLIOTT 1 the hilton rhodes resort ixia, greece • The Hilton Rhodes Resort is a 402-room fi ve-star hotel with a beach-front location, situated in Ixia, Rhodes. The property is one of the premier resort hotels on the island. • The hotel opened in 1993. It benefi ts from extensive conference and leisure facilities, as well as large guestrooms (standard rooms of 32 m2). The property has a total built area of approximately 62,250 m2 and stands on a land plot of approximately 85,000 m2. • Rhodes is the fourth largest Greek island and benefi ts from numerous attractive beaches, unspoilt villages and historical attractions. The island has the largest number of hotel beds of all Greece’s islands, which combined with its accessibility and excellent climate, makes it a leading Mediterranean leisure and convention destination. • The hotel is located within walking distance from the island’s two largest conference and convention centres, which are also two of the largest in the Mediterranean region. Both are important demand generators for the hotel. • From opening up to 2000, the hotel was operated by Grecotel. Since then, the hotel has been operated by Hilton International under a management agreement. This management agreement will be terminated upon a sale. • In recent years, the hotel has performed well below its full potential. Through improved operating effi ciency, scope exists to substantially improve the profi tability of the hotel. • The hotel is off ered for sale by Ionian Hotel Enterprises S.A., a member of the Alpha Bank Group. 2 HVS HODGES WARD ELLIOTT { property description } Hotel History Ionian Hotel Enterprises S.A. (the “Company”), a member of the Alpha Bank Group specializing in hotel assets management, undertook in 1987 the construction of a hotel property in Ixia, Rhodes, currently operated as the “Hilton Rhodes Resort” (the “Hotel”). Τhe architect team consisted of renowned Greek professionals, including Mr. Tombazis, Mr Dekavalas, Mr. Georgiadis, and Mr. Kiriakidis. Hotel construction was completed in 1993, and the Hotel started operating under the management of Grecotel S.A. The inauguration ceremony was conducted on June 1993 and the Hotel assumed full operations shortly afterwards under the name “Rhodes Imperial Grecotel”. The management agreement with Grecotel expired on 31st December 2000 and Hilton International has since undertaken the Hotel management and has been operating the Hotel under the name the “Hilton Rhodes Resort.” HVS HODGES WARD ELLIOTT 3 i t P Thessaloníki (Salonica) Lecce o Vlorë Samothráki f 10 Ágion Óros O Véria Polygyros T (Mount Athos) ITALY h Gelibolu t Kozáni Bandirma Bursa e the hilton rhodes resort r n 9 Kó (Gallipoli) a r lp Áthos Gökçeada o K o m m s n k ó A 2033 m Otranto á a g t i Kateríni l i Grevená l ï p o o k u ixia, greece A o i 40 40 ó s O az ° ° s Límnos og TURKEY Óros Olympos K r ale B nt) K a o (Lemnos) anakk po s u Ç les Othonoí 5 2917 m ó s , Hel á s lles lp ndr (Dardane o as Ioánina Tírnavos s Kérkira 13 AEGEAN ADMINISTRATIVE REGIONS Kérkira s Lárissa Ágios Efstrátios Igoumenítsa Tríkala Zárko SEA OF GREECE VÓRIES Kardítsa Vólos 1 ATTICA SPORÁDES I Paxí Árta Mitilíni 2 CRETE ( Ó I Préveza (NORTHERN Bergama 3 SOUTHERN AEGEAN O Karpenísion Lésvos N Lefkáda Lamía (SPORADES) (Lesbos) 4 N Skíros 4 NORTHERN AEGEAN s Vó I I r ö ios Lefkáda ó E 5 EPIRUS A l vv e o O Agrínio ïk 6 h ó N k s Psará K 6 CENTRAL GREECE 8 A Ámfissa Halkída Évia . I Livadia Kefaloniá Itháki Messolóngi (Chalkís) (Euboea) Híos Izmir 7 WESTERRN GREECE IONIAN I S (Smyrna) K Thíva Híos N Argostóli Égio or 8 IONIAN ISLANDS L int (Chios) SEA K hiakó ra A ólp s ga 38 Í Pátra os é 9 CENTRAL MACEDONIA 38 ° N M Athína (Athens) ° S 7 Kórinthos Canal 10AydinWESTERN MACEDONIA D Zákinthos Kórinthos S Ándros S O Amaliáda a Sámos (Corinth) la Pireás Vathí 11 EASTERN MACEDONIA ) S m I s a É o Árgos ro g ín Kéa Tínos Ikaría AND THRACE h ni i a t Pírgos Náfplio kó na in Trípoli s K 12 PELOPONNESUS k A ó Ermoúpoli á lp S Z r os g Míkonos o Síros Pátmos 13 THESSALY 12 l Kíthnos Dílos ik Spárti ó Ídra KIKLÁDES (CYCLADES) P s Léros (Sparta) K Sérifos National capital Kalamáta E ó 1 Páros vr lp 3 Kálimnos ó o Náxos O ta s Sífnos Administrative region capital s s ó k Amorgós Kos City, town ia R in s Síkinos Íos s o s Mílos s p F e l ó Major airport ó k Níssiros M s o K i Astipálea A o l Simi Ródos n é p o l g Historical site k ó (Rhodes) a a L K n Anáfi D Tílos National boundary dr Thíra Kíthira os Megísti Administrative region boundary E RÓDOS 36° SEA OF CREATE (Rhodes) 36° Main road S ia) Andikíthira nd Secondary road iá o a n n (C a s Railroad im o o Kárpathos H h i a t l l k ó The boundaries and names shown and the designations é ik á used on this map do not imply official endorsement or R r N I s acceptance by the United Nations. io Kássos g Kríti (Crete) A 050100 150 200 km 2 Gávdos GREECE 4 HVS HODGES WARD ELLIOTTMEDITERRANEAN SEA 0 50 100 mi 22° 24° 26° 28° { property description } Hilton Rhodes Rodos Ixiaa (Rhodes) Location Trianta The Hotel is situated on the north-west side of the island, on the beach of Ialyssos (Ixia), Diagoras a picturesque townlet surrounded by orchards. It is set between a beautiful green hillside International Airport (Mt Filaremos) and the beach of Ixia, combining sea and mountain views and providing Kamiros Afantou opportunities for diverse activities. It is just 13 kilometers from the Diagoras International Airport and 4 kilometers from the city of Rhodes. A footpath for walks connects Ixia bay to the Alimia Archangelos city of Rhodes. A link road that connects the Hotel to the main island artery of Rhodes - Lindos Emponas facilitates guests’ transportation. The west side of the island combines popular resorts, important archaeological sites, and picturesque villages. Important sites include the church of the Dormition of Theotokos Chalki (Virgin Mary, Mother of God) with its famous woodcarved temple, the Acropolis of lalyssos Lindos (just 6 km away), and ancient Ialyssos, one of the most important archaeological sites on the island located on the hill of Filerimos, that hosts the remains of the temple of Zeus and Vatio Athena Poliada as well as the remnants of the Byzantine fortifi cations, the 14th century church of the Knights. A winding island road leads up to the ancient town of Rhodes, one of the few preserved medieval towns in Europe featuring the buildings in which the Knights of St. John lived six centuries ago. Ixia is one of the most touristically developed regions of Rhodes Island, hosting two of Kattavia the largest and most complete conference and convention centres in the Mediterranean. Milder weather conditions are prevalent on the west side of the island compared to the east section. In particular, Ialyssos Bay is considered one of the most favorite sites for windsurfers. RHODES In addition, Afandou Golf Course is just 17 kilometers away. HVS HODGES WARD ELLIOTT 5 the hilton rhodes resort ixia, greece Property Overview The Hotel is one of the most luxurious properties on the Island of Rhodes, ranked as a fi ve-star property by the Hellenic Chamber of Hotels (only 12 hotels in Rhodes island, out of 988 in total, are ranked as “fi ve-star”). It is distinctively built in steps against the green hillside, overlooking the Aegean Sea. The Hotel lies in 85.000 m2 of lush landscaped gardens, providing a selection of swimming pools, a private beach and a range of restaurants and bars, as well as modern meeting and conference facilities. Its exterior design combines elements of the Rhodian as well as modern Greek architecture. Local craftsmanship has been extensively utilized to lend to the building a very unique character. Typical examples comprise the facade of the building as well as most public areas of the Hotel, such as the main lounge area and restaurant Castellania, that are artistically veneered with “Rhodian plaster” respecting the regional architectural tradition. The high quality interior design features local marble and wooden paneling which gives the impression of elegance and space, off ering luxurious, sophisticated facilities for the leisure or business traveler. To add further, the utilisation of natural daylight is prevalent in all public spaces, the main lobby, the restaurants and the conference areas of the 6th and 7th fl oor. 6 HVS HODGES WARD ELLIOTT { property description } HVS HODGES WARD ELLIOTT 7 the hilton rhodes resort ixia, greece PRIVATE BEACH FRONT Ixia beach has been awarded the blue fl ag for purity and cleanliness. The private beach is accessed directly from the Hotel via an underground pedestrian tunnel. The Hotel has been granted a license for the exclusive use of its beach front.
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