Four Star 140 Key Branded Hotel in Istanbul (Asian Side) For Sale

Location: Altunizade, Asian Side, Istanbul, Turkey, Close to Bosporus Bridge

Name: TBA

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

Tenure: Freehold

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.

Contact us for further information

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.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

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.