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FRANGIA MENU |
FRANGIA
A prime location for A First Class Hotel (5 star) Size of lot: 21.201m2 - Size of Hotel Units: 4.240m2 Time needed to get full planning and all necessary permits: About 18 months. At the same time we can arrange funding from the EU and Athens: 45% available for investment above 15 million Euros for the county of Messinia. For more information click this logo:
(Opens in new window. Close window to return to Mani Developments) The property, Frangia, is debt free and owned by the Kaske family. Hotel Plan Individual units between 30m2 and 45m2. The outside area of each unit is very important - a shadowy yard or/and terrace are a must as in the southern Mediterranean regions, people tend to spend most of the day time and evening outside. Privacy has priority and is provided by intelligent planning and screening with shrubs etc.
Reception area, about 100m2 Restaurant & bar, about 300m2 A small conference centre, about 300m2 Central pool near the olive grove and the chapel The usual amenities for 5 star hotels – “Wellness” facilities etc Certain service installations - separate central heating units, air conditioning, car parks etc - may be placed in basement areas, which do not count as developed m2. The design should be in the style of a Mani village with all buildings made from stone in the traditional way while containing all the comforts of the modern age. All units would have access only from the outside, connected by stone paved paths and stairs, shadowy yards and terraces, patios, arch ways & small gardens.... a beautiful labyrinth.
Within the boundaries of our wall - we have to keep a distance of 9.5m from the wall - a nice & useful space for access & greenery. Building costs about €3.350 per m2 Total building costs, conservative estimate €15.000.000 (grants could cover about 45%) Privately Owned Units Private investment could be encouraged by selling some units “off plan” before building starts. The buyer would purchase a fraction of the company, which of course would represent exactly his choice of unit. Purchasing price €6.000 to €8.000 per m2. The hotel would manage the privately owned unit (against an annual fee) and would rent it out like the other units, as long the owner wants to use this service. He would have an income from this (I am thinking of 50% of the paid rate). The company would have some cash coming in during the early stage of the development: Hotel Fees These would depend on the quality and facilities. A conservative estimate of Daily Rates per unit (as at 2006): €180 to €250 during high season (mid June – mid
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