Hotels and resorts
City hotels, resorts and boutique hotels, with or without an operator.
For owners and investors · Hotel and investment
Hotels and investment property require discretion.
We broker hotels, apartment buildings, mixed-use buildings and commercial property confidentially, with experience from hotel operations since 1988.
Arrange a confidential meeting+49 172 41 77 111
If you wish, we first talk without naming the property.
Experience from operations
We know hotels from more than the exposé.
Hotels, apartment buildings, mixed-use buildings and commercial property require different documents, different buyers and more discretion than an apartment. Onur Sipahi is a trained businessman and hotel specialist and worked in the management of well-known hotel groups from 1988.
This experience helps when reading key figures, lease agreements and investment needs. In Germany we work ourselves; in France, Spain and Türkiye together with licensed local partner offices.
Properties
What we broker
Apartment buildings
Residential and mixed-use buildings as investments.
Commercial property
Offices, retail and restaurants.
Projects
Pre-sales before construction starts and rental housing projects for institutional investors.
Projects
From plot to floor plan
In a pre-sale before construction there is no building to view yet. Buyers decide on plans, location and schedule. We prepare these documents so that every apartment becomes clear.
Services
For owners and for buyers
Confidential valuation
Initial value estimate, for hotels based on income and operator structure, with a certified valuer on request.
Organised data room
We prepare the documents so that buyers and their advisers can review them quickly.
Targeted approach
Selected buyers instead of public listings, documents only after a confidentiality agreement.
Search mandate
For buyers and investors we search according to your criteria for location, size, yield and operator.
Preliminary review
We review the documents before you instruct surveyors and lawyers.
Involving experts
Tax advisers, lawyers and technical surveyors chosen by you or by us, through to the notary appointment.
How we work
Five steps to notarisation
- 01
First meeting
Goal, timeframe and key data, without naming the property if you wish.
- 02
Confidentiality
Confidentiality agreement before any documents are shared.
- 03
Mandate
Agency agreement in text form with services, commission and term.
- 04
Preparation
Documents, valuation, selection and approach to the other side.
- 05
Completion
Due diligence by the buyer, negotiation, notarisation.
Your contact
Onur Sipahi
Owner, BELLAZZURA Real Estate
“With a hotel, it is not the facade that decides but the operation behind it. That is why I first read the figures with you, then the exposé.“
- Real estate agent licensed under Section 34c GewO since 2017
- Advice in German, English, Turkish and French
What matters with hotels
- Operator structure: owner-operated, lease, management agreement or franchise; terms and termination rights help determine value
- Key figures: occupancy, average daily rate (ADR), revenue per available room (RevPAR) and gross operating profit (GOP) over several years
- Condition: maintenance backlog and upcoming investment in rooms, building services and fire safety
- Permits: operating licence, concessions and, in Türkiye, the tourism certificate issued by the ministry
Confidentiality and commission
We only share documents after a confidentiality agreement. Services, commission and term are set out in an agency agreement in text form before we start (Section 656a BGB). For properties abroad, the rules of the country concerned apply; we will tell you in advance.
Contact
Arrange a confidential meeting
Briefly describe the property type, location and your goal, initially without naming the property if you wish. We will get back to you personally.
Phone and WhatsApp: +49 172 41 77 111
Email: hello@bellazzura.com
Personal advice. Precise brokerage.
Let’s talk about your property.
A confidential conversation clarifies which route suits your property and your timeframe.
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