Hotels For Sale
Income
Often, one of the primary concerns about buying a property abroad is how to maintain an income that sustains the dream of a relaxed lifestyle in the sun. Of course, the cost of living overseas is much less than in the UK, but increasingly more and more people are considering the option of buying not just a dream property, but also a property with a rental or business income. The range of commercial properties overseas is at least as varied as at home, but often properties with letting potential are popular. The options for an income of this kind range from letting out your property to tourists for a few weeks, or even the whole season, through offering Bed & Breakfast accommodation, to purchasing a hotel for sale.
The kind of property to be found abroad with letting potential, from a chambre d’hotes to a grand hotel for sale is staggering. Often these properties are sold as going concerns with a proven history of profit, and are often sold furnished and ready for new guests. From the smallest mountain chalet, popular with skiers and hikers, to the grand historic chateau hotel set amid its own estate, there is a property or hotel for sale to suit every taste and budget. Management is often readily available for those that choose to keep their main home, but for those that choose to live abroad and run their business themselves, a letting property or hotel for sale can offer a guaranteed income for their new life amid the spectacular landscapes, rich culture and relaxation of sunnier climes.
As at home, rental income on your property varies dependent on how often and to whom you choose to let. One option is to permanently let to a local tenant. Although guaranteeing a steady and fixed income, this is not a viable option for those that wish to enjoy their property full or part time. At the other end of the scale, purchasing a large hotel for sale can be both satisfying and financially rewarding. Often a large hotel for sale will be an established business with a proven income, and will already be fully staffed and with regular guests, whether individuals or via tour operators. As such, this type of hotel for sale can be run as hands-on, or hands-off, as required; as competent managers are often already employed by the previous owners. Many buyers, however, choose to purchase a smaller scale hotel for sale or a property with tourist letting potential. Almost all properties have the potential to be rented to holidaymakers either in their entirety, or on a per room basis. Finding tourists that want to stay in the area is not as daunting a task as it first seems, as, especially in the more popular tourist destinations, management companies that arrange everything from finding guests to cleaning and maintaining the property are easy to find.
Types of Hotel For Sale
A hotel for sale can range from the smaller guest houses, with one or more bedrooms to let, to grand urban or rural hotels with a great many bedrooms. The type of hotel for sale that is chosen is largely down to individual preference, as there is often a wide choice throughout Europe and beyond. The smaller B&B style hotel for sale allows the buyer to be more involved with the day to day running of the business, and also to more carefully select the desired type of guest. While it is quite possible to employ staff to run the business side, this type of hotel for sale does not appeal to all buyers due to the unavoidable consequences of taking paying guests into what is often also the home. As the number of guest bedrooms and the size of the hotel for sale increase, often so does the ability to keep the paying guests separate from the living accommodation. This allows buyers of the larger hotel for sale greater flexibility. Buyers who choose to live on-site to enjoy the spectacular landscapes of their chosen area are often delighted by the standard of attached accommodation. This may range from a separate suite of rooms or an apartment, to a nearby property. For those that choose to buy a hotel for sale as a purely financial opportunity, any attached accommodation is often let to an employed manager.
As with any commercial property, the financial turnover is often reflected in the price of the hotel for sale.
A hotel for sale with a good annual turnover and predicted growth is always going to have a higher purchase price than an undeveloped property or one that needs a financial stimulus to turn the business around. However, in some European destinations where tourism is growing, but not yet established, there are still some bargains to be found. On occasion a hotel for sale will have an attached business such as a bar or restaurant, which increases the turnover, and can often provide an income from locals when the hotel is less profitable out of season. With any hotel for sale that specifically caters for holidaymakers, it is important to remember that there are marked seasonal fluctuations in visitor numbers, and out of season any hotel for sale is instantly transformed into a spacious retreat from which to enjoy the milder weather and the natural beauty of the area.
With so many beautiful locations boasting a fabulously sunny climate year round, specific legislation regarding buying a hotel for sale is dependent on the country of choice. Often buying a commercial property or hotel for sale abroad is no more problematic than buying at home. While advice should always be sought prior to committing to a purchase, with the correct legal support, buying a business abroad can be fairly straightforward in many European countries. While some EU countries can have quotas on the number of immigrants per year, and visas or work permits may be required to buy a business, if correct procedure is followed and a little patience shown, often the process is fairly straightforward. Once the correct permits are obtained, it may also be necessary to licence the business and register it with the local authority in order that the correct taxation is applied, where necessary. Again, with the correct legal advice, this is usually a fairly simple process. It should be noted that, just as at home, some older and historic properties have restrictions on modifications and future building projects which may limit the expansion of a hotel for sale, and some rural and picturesque areas, particularly estates containing a hotel for sale, may have specific requirements of land use.
Buying a hotel for sale whether as an investment, a business to run from a distance, or as a means of income while enjoying a relaxed lifestyle in the sun, is always a rewarding experience, and, whatever your needs, large or small, we will be happy to find you the perfect hotel for sale in the country of your choice.
IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.
8 bedroom hotel for sale, Perugia, Umbria
8 bedroom hotel for sale, Perugia, Umbria
This fairy tale neo-gothic castle stands at the heart of a peaceful area of Umbrian countryside and has its own 6,000m2 of garden with swimming pool. The property dates back to 1860 and has un...
8 bedroom house for sale, Campanet, Central Mallorca, Mallorca
8 bedroom house for sale, Campanet, Central Mallorca, Mallorca
Stunning 8 bedroom 13th Century estate, with a vast total living area of 842m2, set within a large plot of 3,548m2 with a swimming pool, located in a quiet and peaceful setting in Campanet and close t...
23 bedroom hotel for sale, Le Thoronet, Var, Provence
23 bedroom hotel for sale, Le Thoronet, Var, Provence
This charming 3 star hotel is set on the outskirts of a delightful village, in a bucolic area surrounded by olive trees, vineyards and beautiful pine forests. The stylish hotel was completely r...
19 bedroom hotel for sale, Assisi, Perugia, Umbria
19 bedroom hotel for sale, Assisi, Perugia, Umbria
This lovely, five storey hotel is a sanctuary set in the heart of the evocative city of Assisi. The property which dates back to the XIII century was beautifully renovated in 1960 and comes with 19 ...
13 bedroom mill for sale, Bourdeilles, Dordogne, Dordogne Perigord Vert
13 bedroom mill for sale, Bourdeilles, Dordogne, Dordogne Perigord Vert
Beautiful 16th century water mill with various surrounding buildings and expansive pool, all of which are exceptionally presented throughout, ideally situated in a quiet setting within 3 hectares of s...
17 bedroom French chateau for sale, Tours, Indre-et-Loire, Loire Valley
17 bedroom French chateau for sale, Tours, Indre-et-Loire, Loire Valley
Spacious character Nineteenth Century chateau just 10 minutes from the heart of Tours, set in 37 acres of landscaped parkland with views over the valley and village below. This impressive 17 b...
23 bedroom hotel for sale, Le Thoronet, Var, Provence
23 bedroom hotel for sale, Le Thoronet, Var, Provence
Income and lifestyle opportunity with this charming 3 star hotel in Le Thoronet, in the heart of the Var and within easy reach of the vineyards, lavender fields, the Mediterranean and several cities. ...
14 bedroom hotel for sale, Montealegre del Castillo, Albacete, Castile-La Mancha
14 bedroom hotel for sale, Montealegre del Castillo, Albacete, Castile-La Mancha
Fabulous country hotel located in Montealegre del Castillo, Alabacete Spain. Newly built, located close to manufacturing businesses and within walking distance to town. Property featu...
Fabulous hotel, restaurant and villa complex in Costa Rica for sale
Fabulous hotel, restaurant and villa complex in Costa Rica for sale
This superb hotel complex is located close to the shore in the small and quiet town of Playa Grande. The estate comprises the hotel, restaurant, bar, various villas and two swimming pools. The comple...
25 bedroom hotel for sale, Spiazzo, Trento, Trentino-Alto Adige
25 bedroom hotel for sale, Spiazzo, Trento, Trentino-Alto Adige
3 Star Historic Hotel, furnished in a typical antique alpine style, located in the touristic area of the Dolomites Mountains in northern Italy. This superb hotel has 25 rooms, a prestigious gr...