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.
Should you wish to know more about the procedures, please contact us for further information.
As this is an operational business, viewings are by appointment only. Potential buyers are welcome to contact us with their travel arrangements in advance and KHI will make the necessary appointments.
Members of the KHI team speak English, Turkish, Arabic or Portuguese. We also have offices in Fethiye, Bodrum and Istanbul as well as Lisbon and Edinburgh.
If you would like to see similar properties for sale in Ovacik or Kalkan, Kas, Fethiye, Istanbul, Antalya or Bodrum please visit the link here. If you would like one of our representatives to contact you in English or Turkish, please contact us here.
