Commercial properties are a well-known type of holiday home investment. Ernst & Young predicts that Croatia’s hotel industry could be valued at EUR1.2 billion in 2022. Commercial properties and quality hotel for sale in Croatia could range from a modest guest house with a few bedrooms, to a grand oceanfront or urban hotel with numerous rooms. Overall, there are more than 70 000 foreign property owners along the Adriatic coast.
The largest hotel chains in the country dominate the Croatian market with five of the largest hotels accounting for more than 60% of Croatia’s capacity. Equity investors from abroad are increasingly turning their focus to greenfield investments in mixed-use resorts. Their target is mostly focused on luxury villas, hotels and apartments that have a real estate component since it ensures the long-term stability of their finances. There is the possibility to either renovate or remodel commercial properties in Croatia or even build a brand new hotel.
The Top Locations in Croatia for Buying an Hotel
Croatia is a favored vacation spot in Europe due to its breathtaking islands and diverse cultural heritage. Also, it is home to beautiful white pebbly beaches. If you decide to invest in the luxury of a hotel commercial property, it has the potential to earn substantially more in rental income per year and also has a better chance to resell profits than a home. You could make a lucrative investment, particularly if you choose the right price and area. There are only a handful of resorts that have residential parts across the entire Croatian coastline.
Investors are paying close attention to the Croatian real estate market, monitoring the rise of attractive deals in Zagreb the capital or at major city destinations on the Adriatic coast. The most sought-after destinations are those with an excellent infrastructure and are near to airports. The most sought-after areas are along the coast, mainly Istria with 33% of foreign-owned properties, followed by Primorje-Gorski Kotar with 26% and Split-Dalmatia, which has 12percent. There is a growing trend to luxurious villas owned and managed by the owners in Zadar and Dubrovnik-Neretva.
A Reliable Investment in Tourism
A number of hotel companies around the world over the last few years have been searching for reliable tourism investment potentials in attractive locations in the Croatian hotel market since it is a safe country near its major originating markets. It is possible to purchase an unowned hotel for sale in Croatia with the help of a team that is dedicated to the sale of properties, luxury villas and hotels as well as other properties and companies that are related to tourism. At Knez Real Estate, we have quality hotels for sale throughout Croatia. The vast hotel real estate listings are distinctive and are carefully filtered by commercial properties on a budget to privately-owned luxury boutique hotels as well as international chains.
Hotels are available in the major cities such as Dubrovnik or Split and also in areas that are more regional. The service is excellent offering professional advice while keeping the confidentiality and confidentiality throughout the process. Knez Real Estate is a full-service business that specializes in real estate. We are able to study different industries and apply this knowledge to help you understand current market trends to sell or invest in tourism.
