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
