Hotels for sale in Istanbul have been under the investment lens since 2007. With the global slow-down and Euro zone in difficulties, overseas investors are now looking for safer and better pots for their hard earned cash. And what better place to put it than purchasing a hotel in Istanbul.
Istanbul's tourism figures, both domestic and overseas, have been steadily on the increase since the turn of the millennium. With successful promotions of Istanbul, tourism figures have exploded since 2009 in particular. Coupled with the so called Arab Spring, Istanbul is now attracting over 10 million foreign visitors per year. This figure is expected to double by the year 2017.
Despite increasing tourism statistics, there is still a significant shortfall of quality hotel accommodation in central Istanbul. Areas such as Beyoglu, Taksim and Sultanahmet enjoy over 80% occupancy year round and better hotels in Istanbul are always fully booked.
Our analysis shows that if the right projects are undertaken, an Istanbul hotel investment may pay back in as short as 10 years - compared to an average pay-back period of 23 in London and similar in New York. show less
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