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Small Hotel In Besiktas For Sale

Besiktas, Istanbul, Turkey
Asking Price:
$1,650,000 (USD)
Sales Revenue:
$220,000 (USD)
Cash Flow:
$350,000 (USD)

Hotel description: hotel is located in superb area (Taksim square) of Istanbul. The area is major touristic location of Istanbul. The hotel building is only 20 meter away from Istiklal street.
- 30 rooms
- total 650 sqm
- 8 floors
- free hold
-cash flow: 220.000 USD per annum
-occupancy rate: 89 %
-current room rates: 30-60 USD per night
-cafe and lounge area
-very close to subway and to the public transportation
-very close to the most popular touristic destinations (Sultanahmet area)

Price : 1650.000 USD (asking price )

Investment strategy: this hotel has a great investment potential, current asking price is already 20% under the real market price so potential investor can gain 20 % profit from resale operation (we can assist the investor)
Hotel needs 120.000 USD extra investment for renovation. (renovating the equipment and internal areas) hotel is currently operating by local owner

FYI: pictures and rest of the information will be emailed to the potential investors

Property Information

Location:

TAKSIM, ISTIKLAL STREET AREA (BEYOGLU DISTRICT)

Size in square feet:
650 SQM

Business Operation

Expansion Potential:

Potentail investor can enjoy the potential hotel business of istanbul as current demand is already high for hotel businesses.

Trading hours:

7/24- ALL YEAR ROUND

Employees:
5
Years established:
2000

Other Information

Furniture / Fixtures value:
$40,000 (USD)

Contact Homesure Overseas Investment Group ltd.

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