Location: Altunizade, Asian Side, Istanbul, Turkey, Close to Bosporus Bridge
No. of Keys: 140
The Property: The hotel opened in 2103 and is located in Altunizade, one of the most valuable and popular business centres of Istanbul on the Asian side. It has a strategical location for being very close to the Bosporus Bridge and its location right in the heart of more than 70 holdings, business centres, banks, hospitals, university campuses etc. within its 1 km radius. The hotel has 12 meeting and conference rooms, Spa with fitness centre and indoor swimming pool, restaurants and bars, brasserie, rental shop and underground parking.
The hotel could be upgraded to five-star. PD
Main Photo: One of the smaller meeting rooms at this hotel
Brand/Management: Under one of the major hotel chain flags/brands with management. Flag-free option – TBA
Financials: Financials available upon signing of a NDA
Current Owner: Major local real estate company
Agent: Local agent is retained, in partnership with The Hotel Property Company
Guide Price: US$45m
Guide Price per Key: $321,430
Date Posted: February 2020
THPT Comment: This is a great opportunity to acquire branded hotel, on the Asian side of Istanbul, with the upside of upgrading it to five star.
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.