The new trend in investment in holiday accommodations is commercial property. According to a report by Ernst & Young, hotel industry investment in Croatia is predicted to reach EUR1.2 billion at the end of 2022. Commercial property and hotel for sale in Croatia might be anything from a simple guesthouse with a few bedrooms, to a grand urban or seafront hotel with several rooms. In total, there are more than 70,000 foreign property owners across the Adriatic coast.
The Croatian hotel industry is dominated by major hotels in the country, with the five largest companies owning more than 60% of capacity in the country. However, there is an increase in the number of international equity investors looking to greenfield investment in mixed-use resorts. Because it ensures long-term financial stability the investors are mostly looking for high-end villas and apartments with real estate components. In Croatia it is possible to renovate or repair the commercial properties that are already in place or even build a hotel from scratch.
The Top Locations in Croatia for Buying a Hotel
Croatia is among the most popular tourist destinations in Europe because of its stunning island-speckled coastline, an extensive cultural heritage, and stunning white pebble beaches. If you decide to invest in the luxury of a hotel, your commercial property has the potential to generate significantly higher yearly rental profits and also has a better chance for resale earnings as compared to a residence. Particularly if you buy at the right price and in the best location. There are only a handful of resorts with residential areas throughout the Croatian coast.
Investors are constantly monitoring the Croatian real property market and observing the attractive offers which have appeared in Zagreb (the capital) or other major cities on the Adriatic coast. The most sought-after destinations are those with excellent infrastructure and are near to the airport. The most sought-after regions are located along the coastline. Primorje-Gorski Kotar is home to 26% while Split-Dalmatia is the twelfth percent of. Istria is home to 33% of the foreign-owned properties. There is a rising trend to luxury villas that are operated and maintained by the owners in Zadar and Dubrovnik-Neretva.
A Trustworthy Tourism Investment
Several global hotel operators in the last few years have been looking for reliable tourism investment potentials in desirable locations within the Croatian hotel market because it is a safe and secure country near its major originating markets. It is possible to buy an unowned hotel in Croatia with a team dedicated to the sale of luxurious villas, hotels, as well as properties as well as businesses that deal with tourism. In Knez Real Estate, we have high-quality hotels available for sale across Croatia. This extensive hotel listing is carefully filtered by private luxury boutique hotels owned by the owner to international chains and commercial properties.
There are hotels available in cities that are popular, including Dubrovnik and Split and also in regional areas. The service is outstanding with professional advice and keeping confidentiality and discretion throughout the day. As an all-inclusive real estate firm, Knez Real Estate has the ability to draw knowledge and expertise from other sectors and, with this extensive level of information available we have the most up-to-date knowledge to advise current market trends in the sale and investment in the tourism industry.