Purchase a hotel in Turkey
Hotel business – very perspective direction of investment in commercial real estate in Turkey.
In modern Turkey very much attention is paid to development of the sphere of tourism. The state and the Turkish business make considerable investments in resort regions of the Mediterranean and, judging by that the flow of tourists to Turkey from year to year grows, these investments aren't vain. Therefore the great interest of foreign investors to hotel real estate in Turkey is clear also.
Hotel purchase abroad and specifically in Turkey – case serious and rather costly. Not seldom there is a question that is better: to purchase hotel in Turkey or to construct the new? On it it is difficult to give a definite answer. To construct hotel, probably, will manage cheaper. Experts claim that for the same amount for which you buy hotel of 2 stars, it is possible to construct already three-stars hotel. But after all it needs to be equipped still and, the most important, to untwist, achieve a market position of tourist services to ensure stable inflow of tourists necessary for payback. And it is in addition considerable money and time, which, as we know, too money.
By estimates of specialists, profitability of hotel real estate reaches on the average from 5,9 to 8 percent. Certainly, these percent don't appear from scratch, they need to be earned, as we know. But if you have an experience of management by this business, there are means for investments, and you consider financial investments in hotel real estate in Turkey as quiet "pension" investments in the country of potential accommodation, we with readiness will help you to pick up worthy option of purchase.
By the way, among buyers of hotels on the Mediterranean coast of Turkey there are a lot of citizens of Russia and Ukraine. Many of them already have the own house in Turkey, live here the most part of time, and in the homeland lease the apartment and gain stable income from residential real estate lease, in Turkey – from hotel business. There are also those who buys hotel real estate in Turkey, planning then if business goes successfully to purchase in Turkey and residential real estate and to move to the country to the PERMANENT RESIDENCE.
By the way, there is an opinion that it is difficult to organize a small, "family" hotel in Turkey as, allegedly, the hotels having a number of rooms from 100 rooms above are offered for sale only. It not absolutely so. For example, one of the last offers in the RestProperty database – functioning hotel on 18 numbers with the pool and a Spa center in the center of Alanya, within walking distance from Cleopatra's well-known beach. And, by the way, almost not requiring additional financial injections: capital repairs are quite recently already made, all numbers are originally trimmed, restaurant, the pool, the Turkish bath and the territory the well-groomed. During a season the hotel shows high rates of loading and has a high rating in the international reservations systems. Buy – and continue to develop business! The RestProperty agency will help you to find noteworthy option of hotel real estate in Turkey and without effort to arrange the purchase and sale transaction.
Author: RestProperty
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