Pitsidia 702 00
Pitsidia, Iraklio 702 00
Greece

Property

Ownership: For Sale
Type: Boutique Hotel
Bedrooms: 7 BR
Bathrooms: 7
Area: 210 m² (2260 sq ft)
Lot Size: 528 m²
Price Qualifier: Fixed Price

Financials

Price:€1,950,000
($2,290,300)

Boutique Hotel Investment, South Crete

Description

VEDEMA — Boutique Hotel Development
Pitsidia, South Crete

Vedema is an exclusive boutique hospitality development comprising seven spacious, design-led suites, each featuring a private kitchen, expansive terrace, and dedicated jacuzzi. The layout has been carefully conceived to ensure maximum privacy, seamless flow, and architectural cohesion, enhancing both guest experience and operational efficiency.

    The three-level complex (two above ground + underground) is complemented by a fully equipped subterranean gym, reinforcing the property's strong wellness identity alongside a yoga platform designed for immersive, experiential stays.

    The project includes an additional 25 sq.m. of buildable capacity, offering flexibility to either:

    • Develop an eighth premium suite, or
    • Create a dedicated wellness pavilion, incorporating a full-service spa with sauna, hammam, and treatment rooms — further elevating the asset’s positioning within the high-end wellness tourism segment.

    Location & Investment Positioning

    Situated in the heart of Pitsidia, South Crete, Vedema benefits from a rare combination of authentic village charm and proximity to some of Crete’s most sought-after beaches. Guests are within walking distance of traditional tavernas, boutique amenities, and local culture, while still enjoying a tranquil, private retreat environment.

    The development unfolds across an architecturally distinct building, thoughtfully arranged to create a boutique resort feel with diversified revenue streams. This configuration allows for:

    • Premium nightly rates driven by privacy and exclusivity
    • Strong occupancy across extended seasons
    • Flexibility in operation (short-term luxury rentals, wellness retreats, or hybrid hospitality models)

    Key Specifications

    • Type: Boutique Hospitality Development
    • Suites: 7 (with potential for 8th or wellness expansion)
    • Building Levels: 2 + Underground
    • Wellness Facilities: Gym, yoga platform, optional spa
    • Dining: Private in-suite kitchens
    • Location: South Crete, Greece
    • Completion date: June 2026

    Investment Highlights

    • Turn-key development opportunity with strong design identity
    • Positioned within the high-growth luxury wellness tourism market
    • Scalable asset with additional build potential
    • High-yield configuration through suite privacy and flexible use
    • Prime location combining authentic lifestyle + beach proximity

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.