One common way to invest in a vacation home is to buy a business. Ernst & Young thinks that the hotel business in Croatia could be worth EUR1.2 billion by 2022. Commercial properties and good hotels for sale in Croatia could be anything from a small guest house with a few bedrooms to a large hotel with many rooms on the beach or in the city. Along the Adriatic coast, more than 70,000 foreigners own property.
The biggest hotel chains in Croatia control most of the market, and the five most prominent hotels make up more than 60% of Croatia’s total capacity. Foreign stock investors are becoming more interested in greenfield investments in mixed-use resorts. Their main goal is to buy luxury villas, hotels, and apartments with a real estate component. This keeps their finances stable in the long run. In Croatia, it is possible to renovate or redo commercial buildings or even build a whole new hotel.
The Best Places to Buy Hotels for Sale in Croatia
Croatia is a popular European vacation place because it has beautiful islands and rich cultural history. It also has beautiful white beaches with small rocks. If you buy a hotel as a commercial property, you could earn a lot more in rent each year and have a better chance of making money when you sell it than if you bought a house. You could make a good investment if you buy at the right price and place. Along the coast of Croatia, there are only a few resorts with parts that people can live in.
Investors are paying close attention to the Croatian real estate market, keeping an eye on the rise of good deals in Zagreb, the country’s capital, and big cities along the Adriatic coast. Most people want to go to places that have good infrastructure and are close to airports.
The most popular areas are along the coast, especially Istria, where foreigners own 33% of the homes. Primorje-Gorski Kotar comes in second with 26%, and Split-Dalmatia is third with 12%. In Zadar and Dubrovnik-Neretva, more and more high-end villas are owned and run by their owners.
Hotels on the Market in Croatia
Most of the time, the type of hotels for sale Croatia depends on the buyer’s tastes, as there is often a wide range of options along the Adriatic coast and beyond. Hotels in Croatia can be anything from a small guest house with one or more rooms to a large, luxurious hotel in the city or by the sea with many rooms.
Smaller B&B-style hotels for sale give buyers more control over how the business is run and let them choose the best customers. Larger hotels for sale, on the other hand, provide the buyer with more options. When running a hotel for tourists, it’s important to remember that the number of guests changes significantly from one season to the next. Hotels for sale in Croatia that aren’t in season usually turn into a significant retreat with lots of fun things to do.
It’s simple to find hotels for sale in Croatia, whether you plan to use it as an investment, a business you can manage from afar, or a method to generate money while basking in the sun. If you’re looking to buy a hotel in Croatia, Primosten Real Estate is here to help.