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Luxury Boutique Hotel In Istanbul For Sale

Avcilar, Istanbul, Turkey
Asking Price:
$5,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (USD)
Cash Flow:
$500K - $2.5M (USD)

The hotel is located on the main high way, E-5 and is within easy reach to all areas in Istanbul.

The hotel offers magnificent view of the Marmara Sea.

The building was constructed in 2008 and has gone under complete renovation in 2015, thus has become a luxury boutique hotel.

All licenses and permits are in place.

There are 37 rooms, 3 restaurants and a spa center.

Tripadvisor rating of 4.5, Google rating of 4.4 stars and Booking. com rating of 8.4 points. These ratings are important as the new owners can buy a running hotel with good ratings.

The hotel operates all year long and is currently open in spite of Covid-19.

The reason for selling the hotel is that the owner is busy with his other companies. If more time is put into the business higher revenues can be realized easily.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Location:

Prime Street (E-5), within easy reach to all areas in Istanbul via car, train, bus etc.
Channel Istanbul Project's marina is to be located in front of the hotel.
The hotel has wonderful sea view.

Planning Consent:

The building has no legal problems.

Business Operation

Expansion Potential:

The hotel has 3 restaurants with one being on the top floor which has fantastic sea view. 6-8 rooms can be built here. Restaurant on the ground floor can be changed into a show room and rented out for extra income.

Reasons for selling:

The current owner has other companies and a 5 star hotel project in eastern part of Turkey.

Trading hours:

The hotel is open all year round.

Employees:
15-25
Years established:
5

Other Information

Support & training:

The owner will benefit from buying a running hotel with good ratings. Current owners can provide support and training without any problems.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Partial financing is available and can be negotiated with serious buyers.

Furniture / Fixtures value:
$2,000,000 (USD) - included in the asking price
Inventory / Stock value:
$500,000 (USD) - included in the asking price
Website:
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