Renovated Historic Hotel For Sale Near Venice

Venice, Italy

Asking Price: $2,286,035 (€1,950,000 EUR)

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Business For Sale Details

Listed on Jul 28, 2024

4-star hotel in historic building dating from the 16th century facing a canal
Location: in a small hamlet situated in the province of Venice (approx.20 minutes' drive to the center of Venice and Venice airport)
Number of rooms: 29 + 2 apartments (50 and 90 sqm respectively) which can be used either as owner's/manager's quarters or as additional guest accommodation
Floorspace area: approx.1000 sqm + inner courtyard and a parking
Latest renovation: 2015-2017
In recent years the owners carried out the following works: upgrade of the heating systems; installation of a new energy-efficient air-conditioning system; upgrade of all the electricals; renovation of the roof, the 33 bathrooms and of the pipelines; installation of a home automation system in all the rooms; CCTV cameras. The most recent works regarded the installation of new shutters, the refurbishing of the breakfast hall and the creation of a new conference area (accommodating up to 50 people in two rooms for 25 people each)
Asking price: 1,950,000 Euros

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Financials (USD)

Asking Price $2,286,035

Cash Flow Not Disclosed

Sales Not Disclosed

Converted From EUR

Exchange Rate $1.17

Deal Terms

Represented by broker? Yes

Buyer Fee? Yes

Seller Financing? Available On Request

Willing to co-broke? No

Principals only? Yes

Franchise? Available On Request

Management will stay? No

Relocatable? No

Real Estate? Yes

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