This Hotel for sale in Galata, Istanbul offers 21 deluxe rooms with a total capacity of 45. This building has all necessary licenses and permits and is ready for business immediately.
Located close to the port project and the bridges in Galata, 2019 records show the standard average daily room rate was €95.00. The hotel was running at 89% of its capacity throughout 2019. It brought in a total annual revenue of nearly €750,000.00. As well as the hotel, the business includes a non-licensed restaurant on the ground floor. More detailed information can also be shared on request.
All the revenue data on the property is documented and ready for inspection. If necessary, the hotel could also be managed on behalf of the buyer. We would also anticipate a new project in the region (https://www.galataport.com/en/about) to have a positive impact on the revenue of the business and on property values in the area.
Turkish Citizenship by Investment
Legislation introduced in Turkey in September 2018 reduced the threshold for those who qualify for citizenship through property investment from $500,000 to just $250,000. As a result, this Hotel for sale in Galata, Istanbul allows the buyer to apply, both for themselves and for their family.
Should you wish to know more about the new procedures, pleasecontact us for further information.