Hotels for sale in Istanbul
Hotels for sale in Istanbul:
Since 2007, hotels for sale in Istanbul have been on the market. With the global slowdown and the Eurozone’s problems, foreign investors are looking for safer and better places to put their money. And what better place to do so than in Istanbul, where you may own a hotel.
Since the millennium, Istanbul’s tourism stats, both local and international, have been gradually rising. Since 2009, tourism figures in Istanbul have surged as a result of successful marketing campaigns. Istanbul is already receiving over 10 million foreign visitors per year, thanks to the so-called Arab Spring. By 2017, this figure is predicted to have doubled.
Despite rising tourism numbers, there is still a considerable shortage of high-quality hotel rooms in Istanbul’s downtown district. Areas like Beyoglu, Taksim, and Sultanahmet have year-round occupancy rates of over 80%, and the best hotels in Istanbul are always completely booked.
According to our research, an Istanbul hotel investment might pay for itself in as little as ten years if the correct initiatives are completed, compared to an average pay-back duration of 23 years in London and similar in New York.