• Tourism & Leisure
  • destinations of choice
  • The only 5-star hotel in Nicosia, Cyprus

  • 2017 Sales:
  • €12m
  • 2016 Sales:
  • €11m
  • Date of original investment:
  • August 2007
  • MIG Ownership (31 December 2017):
  • 75.1%

Hilton Cyprus is the only 5-star hotel in Nicosia with 294 rooms, strategically located in the city center, close to local businesses, shopping venues and corporations, the Central Bank of Cyprus and the International Conference Center. The hotel is operated under the Hilton brand since 1967 with a management contract until end-2017 (with an option to extend further).

The hotel consists of 294 rooms, of which 24 are suites, 76 executive rooms and 194 standard rooms, with business, health and leisure facilities. The hotel is the venue of choice for the local and international business community visiting Cyprus.

The hotel is located in the city’s most luxurious property, while it also encompasses a highly valuable developable land (with more than 6,000 sqm, one of the few sizeable plots left in the city center) adjacent to the hotel, which could yield extra 20-25,000 sqm of usable floor-plate with potential commercial usage (mixed-use office and residential, shopping center, casino and concert venue).

Hilton Cyprus    
Financial Summary (€m) 2017 2016
Current assets 2 1
Non-current assets 92 93
Total assets 95 94
Total Equity 77 76
Sales 12 11
Net profit / (loss) after minority 2 1