Cape Acra - Mixed-Use Development Plot, Protaras (Hotel + Residences)
€22,000,000
Paralimni, Famagusta, CY
TBD
Description
Cape Acra represents an exceptional 28,500 sqm beachfront development opportunity in the highly sought-after area of Protaras, Cyprus. Set against the breathtaking backdrop of the Mediterranean Sea, this substantial coastal site offers the potential to create a landmark mixed-use destination combining luxury hospitality, premium residential living and an extensive collection of leisure and lifestyle amenities. The proposed development concept introduces a sophisticated 5-star hotel and residential complex, carefully designed to take advantage of the site's exceptional beachfront setting and surrounding natural landscape. The hotel component is planned to comprise 225 standard hotel rooms, together with reception and mezzanine areas, creating the foundation for a high-end hospitality destination. The concept design identifies the hotel rooms as being approximately 30-33 sqm, with balconies. The hospitality offering is further enhanced by an extensive range of facilities designed to create a complete resort experience. These include a restaurant and breakfast area of approximately 500-550 sqm, a substantial kitchen and staff-associated areas of approximately 800-900 sqm, and a 500-550 sqm gym and spa area. The concept also incorporates a dedicated beach club and restaurant of approximately 150 sqm, complemented by a substantial external seating area, providing a natural focal point for residents and hotel guests to enjoy the beachfront setting. Outdoor amenities form a central element of the proposed destination. The concept incorporates three communal swimming pools, including one approximately 900 sqm pool and two additional pools of approximately 250-300 sqm each, together with designated sunbed areas and expansive landscaped spaces. An external roof bar area of approximately 400-450 sqm further enhances the leisure offering, providing an elevated setting for relaxation, socializing and enjoying the coastal surroundings. Alongside the hotel, the development concept introduces a dedicated residential component comprising 41 three-bedroom apartments, including 30 apartments of approximately 120 sqm and 11 apartments of approximately 100 sqm. The typical 3-bedroom residences are designed with approximately 30-35 sqm balconies, while the 2-bedroom layouts shown in the concept design feature balconies of approximately 25-30 sqm. The residential component also incorporates dedicated parking and storage areas within the basement level, further enhancing convenience for future residents. The architectural concept, illustrated across the six-page design package, presents a contemporary resort environment arranged around generous landscaped areas, swimming pools and outdoor leisure spaces, with the hotel and residential elements positioned to create a cohesive destination. The development also benefits from substantial supporting infrastructure, including a basement parking area of approximately 1,600-1,700 sqm, while the concept provides dedicated residential parking and storage facilities. Importantly, the site provides considerable flexibility in terms of its future development. In addition to the proposed mixed-use scheme, the purchaser may pursue a hotel-only development comprising more than 330 rooms, creating the potential for a substantial beachfront resort destination. With its exceptional beachfront setting, substantial land area and the potential to accommodate a sophisticated combination of 5-star hospitality and premium residential living, Cape Acra offers a rare opportunity to create a landmark destination in one of Cyprus' most prestigious coastal locations.
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