Hotels in Italy For Sale
Hotels in Italy For Sale

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For over twenty years we have built a network of the best professional agents in the most desirable locations. We offer our clients a tailored personal service. We make sure that buying your overseas property, from initial viewings to final purchase, goes as smoothly as possible.

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Hotels in Italy For Sale

Guide to the Italian Buying Process

1. Making the Offer to Purchase (Offerta)
Once you have found the property you wish to purchase you will start the process by making a formal offer to the vendor, the estate agent will act on your behalf and put forward the offer, a deposit will be made available, generally around (10,000 - 20,000 EUR). Once the vendor has accepted the offer it will be formalised in writing to the vendor in both English and Italian. If this is accepted the deposit (Caparra Confirmatoria) will be paid to the vendor. This will form a legally binding contract. Neither party may withdraw at this point, the sale can be forced by either party or a claim for damages can be made. If the purchaser withdraws their deposit will be lost, if the vendor withdraws the purchaser can claim twice the deposit in compensation.

2. Signing the Preliminary Contract (Compromesso or Contratto preliminare)
The next step will take place between 1 and 3 months after the offer has been accepted, this is a formal agreement between the vendor and purchaser to sell and buy the property, this agreement is the Preliminary Contract and will contain the conditions and terms of the sale. It is important at this stage that you have a full understanding of all the details contained in the contract. We would strongly recommend that you appoint a Notary who is fluent in English. This document will include the purchase price, a detailed description of the property including completion date and will cover any obligations placed upon the buyer and the vendor. All information relating to the property including any planning permissions for the property and the cadastral details (a public record, survey, or map of the value, extent, and ownership of land as a basis of taxation). Once the Preliminary Contract (Contratto preliminare) has been signed a further deposit (Caparra Confirmatoria) will be paid, this will generally be 10% - 20% of the purchase price. There will also be an estate agents Commission Fee (Provvigione) which will need to be paid at this point.

3. Signing the Final Deed of Sale (Rogito or Atto Notarile)
The purchaser must have a bank account in order to make the purchase on completion. The signing of the final deed of sale which will authorise the transfer of the property must be overseen by a Notary (Notaio). The buyer will select and hire the Notary, but they are members of an independent body of public/professionals who will draft the purchase deed, they will oversee the passing of the title legally from the vendor to the purchaser. The Notary will also verify the legality of the documentation and registration with the Conservatoria dei Registri Immobiliari and the Local Land Register.

4. Formalities to be observed after Completion
Foreign buyers should obtain a certified copy of the Purchase Deed (Rogito), which the Notary will have lodged with the authorities. Generally this will be available to collect around 2 – 3 weeks after completion. The Notary will also give you a form to complete for the the local authority (Questura) who will have been given formal notice of the purchase. Your Notary will help you to complete this form. You will need to contact the utilities companies to set up new contracts (power, water, telephone, gas etc.). If the property is a flat, the condominium manager (Amministratore del condominio) should be informed of change of ownership of the property.

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.

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Taxation

Various taxes must be paid on purchases. Registration tax / stamp duty (Imposta di Registro) is calculated on the government’s valuation of the property (Valore catastale). This will vary according to whether the property is being purchased as a holiday home, or as your primary residence. For a holiday home stamp duty will be 10% of the valuation. If you are intending to use the property as your primary residence and apply for residency (Prima casa), providing this is done within 18 months of the property transfer then stamp duty will be reduced to 3% for an existing property and 4% for a new build. This will be paid to the Notary on completion of the purchase.

Land registration, mortgage and cadastral taxes also need to be paid to the Notary on completion. These are one-off payments and are around €168 each.

Once the property has been purchased further taxes must be paid. There is a local council tax ICI/IMU property tax (Imposta Comunale sugli Immobili) of 0.4% to 0.9% of the property’s cadastral value. The rate for this is calculated annually by the council and paid bi-annually in June and December. This rate will be reduced if the property is the primary residence (Prima Casa).

If you are not resident in Italy you will have to declare any income gained from activities in Italy to the Italian Tax authorities. This income will also have to be declared in your country of residence, you will need a double taxation agreement to mitigate against paying twice. This declaration will apply to any income you might obtain from letting a property in Italy. Some expenses incurred on the property may be off-set against the income you derive from letting out the property. This can include management expenses, local taxes, repairs etc.

There is one tax which applies only to holiday homes, there will be a 20% Capital Gain on the difference between the buying price and the selling price if the property is sold prior to 5 years ownership.

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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.

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170 bedroom hotel for sale, Rome, Lazio

170 bedroom hotel for sale, Rome, Lazio
400,000,000 EUR

170 bedroom hotel for sale, Rome, Lazio

This exclusive hotel in Rome comes with in excess of 170 bedrooms including suites of varying sizes: junior, deluxe, presidential and royal. There is an elegant American Bar and Restaurant, plus a l...

REF: 202212
  • Bedrooms: 170
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Luxury 5 Star Hotel in Central Rome with more than 100 Bedrooms

Luxury  5 Star Hotel in Central Rome with more than 100 Bedrooms
180,000,000 EUR

Luxury 5 Star Hotel in Central Rome with more than 100 Bedrooms

Fabulous luxury hotel in central Rome within easy reach of all amenities, restaurants and tourist attractions. Please enquire for further details....

REF: 184769
  • Bedrooms: 100
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Luxury 5 Star Hotel in Central Rome with more than 100 Bedrooms

Luxury  5 Star Hotel in Central Rome with more than 100 Bedrooms
180,000,000 EUR

Luxury 5 Star Hotel in Central Rome with more than 100 Bedrooms

Superb luxury 5 Star Hotel in Central Rome with in excess of 100 bedroom suites. Please enquire for further details ...

REF: 184768
  • Bedrooms: 100
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Fabulous Luxury 5 Star Hotel in Florence

Fabulous Luxury 5 Star Hotel in Florence
150,000,000 EUR

Fabulous Luxury 5 Star Hotel in Florence

Fabulous and historic luxury Five Star hotel in an enviable location in the magical city of Florence. This prestigious residence has recently undergone a thorough renovation to create a hot...

REF: 184630
  • Bedrooms: 40
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Superb 5 Star Hotel for Sale in Milan with Spa, Restaurant and Bar.

Superb 5 Star Hotel for Sale in Milan with Spa, Restaurant and Bar.
150,000,000 EUR

Superb 5 Star Hotel for Sale in Milan with Spa, Restaurant and Bar.

This most impressive 18th Century Milanese Palazzo is a 5 star hotel which has been beautifully renovated in 2004. This most exclusive hotel is a boutique establishment next to the most import...

REF: 209717
  • Bedrooms: 50
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Superb hotel for sale in the heart of Venice

Superb hotel for sale in the heart of  Venice
125,000,000 EUR

Superb hotel for sale in the heart of Venice

This exclusive 4 star hotel is ideally located in the centre of Venice. The hotel comes with many more than 100 guest suites, a restaurant with terrace overlooking the water, reception rooms, c...

REF: 194570
  • Bedrooms: 100
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A 5 Star Luxury Hotel in Northern Italy

A 5 Star Luxury Hotel in Northern Italy
70,000,000 EUR
Price Reduced

A 5 Star Luxury Hotel in Northern Italy

An impressive 5-star luxury spa hotel in Northern Italy with spa, restaurant, conference area, wellness, and sports facilities. This prestigious destination hotel comes with more than 90 ro...

REF: 184641
  • Bedrooms: 93
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Superb hotel in Rome for sale with over 125 suites, restaurant etc

Superb hotel in Rome for sale with over 125 suites, restaurant etc
65,000,000 EUR

Superb hotel in Rome for sale with over 125 suites, restaurant etc

This superb 4 star hotel is just 15 minutes from the heart of Rome and yet in a peaceful area surrounded by mature trees, with beautiful large swimming pool and spacious terraces. The hotel has...

REF: 198533
  • Bedrooms: 125
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Superb hotel in Milan for sale with 100 bedrooms

Superb hotel in Milan for sale with 100 bedrooms
47,000,000 EUR

Superb hotel in Milan for sale with 100 bedrooms

Four star hotel in excellent condition, conveniently situated in the heart of Milan in a prime location. This large hotel has undergone total renovation over recent years and is especially pop...

REF: 184663
  • Floor Size: 5,000 square metres
  • Bedrooms: 100
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Luxury Four Star Hotel on the Grand Canal Venice for Sale with 100 Bedrooms

Luxury Four Star Hotel on the Grand Canal Venice for Sale with 100 Bedrooms
45,000,000 EUR

Luxury Four Star Hotel on the Grand Canal Venice for Sale with 100 Bedrooms

A luxury four star hotel in a prime position in the wonderful city of Venice. The hotel is beautifully situated overlooking the Grande Canal, with easy access to the train station and well pla...

REF: 184778
  • Bedrooms: 100
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