Within five minutes walking distance to Sultanahmet Square and local amenities including popular restaurants and busy bars, this tremendous hotel has all the makings of a wonderful investment in Istanbul for someone looking to run and operate their own small business – this is a must see.
- Ten bedroom hotel for sale in Sultanahmet area
- Historical setting just five minutes from the square
- Close to popular restaurants and busy nightlife
- Possible to convert and add four more bedrooms
- Amazing investment opportunity not to be missed
FACILITIES & LOCATION
For sale at a great price not to miss out on, this hotel has a long history of profit attached and would make for an excellent investment in a hotel right in the heart of the historical side just five minutes away from Sultanahmet Square.
About the hotel for sale
Located on a popular street, the hotel offers ten bedrooms inside. All rooms are furnished in neutral colours and have their own en-suite bathrooms attached. Rooms are fitted with smart TVs, quality beds, and lots more for a comfortable stay in Istanbul. Cleaning is provided on a daily basis.
With some light construction and renovation, the property could easily be converted to add four more bedrooms if wanted – this would maximise on profit potential with more rooms available for tourists to book. For more information about that, please contact us.
On the ground floor is a bed and breakfast style restaurant serving breakfast to guests and available all day long for lunch or dinner. In the evenings, this area comes alive with live music performed occasionally. Completing the hotel is a reception area for greeting guests and answering any questions.
Each room is currently booked at a rate of 60 USD per night, with the hotel regularly fully booked during the peak months of the year. The yield per annum when the hotel is fully booked works out at around 14.6% for the investor.
Location in Istanbul
An excellent location to invest in a hotel, this business is situated on a popular street where numerous restaurants, cafes, and bookstores are found. A short five minute walk is all it takes to reach the famous Sultanahmet Square where millions of tourists flock to every year – in terms of owning a hotel in Istanbul, you couldn’t pick a better location. Transportation is nearby for moving around the city towards Taksim Square and other landmark areas within 20 minutes or less.
For more information about this hotel for sale, or to view other hotels that we might have on offer, please call or contact us to speak with our team in Istanbul who are happy to assist you and find the perfect business opportunity for you.