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Hotel in Turkey

Country: Turkey Turkey
City: Kestel
Location: Beach
Category: 4 stars
Hotel type: Beach Hotel
Transaction Type: 100% Asset Sale
Target Areas: European Union, Central Europe, Eastern Europe

Hospitality Review / Short Description:

The purchase of the facility is made via land transfer against prepayment and remaining payment. The advance payment will be accepted by the hotel owner as land transfer which is offered by purchaser. The rest payment will be paid during the purchase. The reason for the sale of the hotel in question is the advanced age and personal preferences of the owner. Although there are existing hotels offered for sale in the region, the hotel's unique features make the purchase of the hotel attractive due to the permit documents required to increase the number of rooms, and the 3-hectare beach usage area due to the earnings it will add to the facility.

Highlights:
The hotel has 192 rooms and available to add 70 rooms additionally due to its permission documents from 2018. Also, there are various shops inside the hotel, which are additional income with seasonal rentals to the private firms. To be 3 hectare large area of the beach, The distance from the hotel to the sea is 100 meters. There are residences around the hotel. There are two airports in the region. One of them is Gazipa┼ča Airport, located east of the hotel. This is 30 km from the hotel. The other airport is Antalya Airport to the west of the hotel. This airport is 135 km from the hotel. Kestel city and Alanya/Antalya area, was not affected by earthquake.
CAPEX: EUR 18m, hotel purchase and operation
Finance: Land transfer EUR 2m in equity, EUR 18m in leasing or partnership with financial participation
Revenue Q3Y 2020-2022: EUR 4,441,000
Revenue CAGR Q3Y 2020-2022):85.9%
IRR (2020-2022): 22.2%
Share purchase agreement: up to 60% indefinite partnership or annual leasing payment in the determined period

Hotel Details

Bedrooms: 192
Total rooms: 192
No of Total Rooms available/year: 70.080

Financials

Asking Price: EUR 18.000.000
Price Per Room: EUR 93.750
Hotel in Turkey
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