Luxury 5+ year hotel in Istanbul with 37 rooms, restaurants and spa centre.

Business Overview
-The hotel is located in Avcilar, off a major highway in Istanbul.

– It is easily accessible by bus, metro bus, and train.

– It offers a great view of the city as well as the Marmara Sea.

– A marina is planned to be built in front of the hotel and the project will include ports, logistic centers, artificial islands, and new luxury residential areas, which is expected to drive up land prices in the area.

– The building was constructed 12 years ago and has gone under complete renovation 5 years back, thus has become a luxury boutique hotel.

– Facility includes 37 rooms, 3 restaurants and a spa centre.

– Average occupancy rate is 80% and the current occupancy rate due to the pandemic is 50%.

– Sales have dropped due to fewer bookings and the restaurant is closed for the public.

– The hotel operates all year long and is currently open in spite of Covid-19.

– All the required licenses and permits are in place.

– Facility also hosts weddings, ceremonies and business meetings.

– Tripadvisor has a rating of 4.5, Google rating is of 4.4 stars and Booking. com rating is of 8.4 points. These ratings are important as the new owners can buy a running hotel with good ratings.

– If more time is put into the business, higher revenue can be realized easily.

Products & Services Overview
Hotel has 37 rooms, 3 restaurants and a spa centre with sauna, steam room, fitness and massage rooms. Some rooms have balcony and sea view.

Assets Overview
– Sale would include entire business and physical assets. The hotel has all licenses and permits in place.

– Physical assets are land, building, interior set-up, decorative, lightings, woodwork, tables, beds, chairs, ACs, TVs and other electronic equipment.