Reasons to invest in the project Hotel Catania, Italy I:
The first buy-to-let project is located in Catania, Italy, the second largest city in the Sicily region;
The 1,460 m² building will be converted into a 4-star hotel with 35 rooms, a swimming pool, an outdoor terrace, and a restaurant;
The project owner, Bali Home S.R.L, has already acquired the financed property and has all the necessary permits to start renovation work;
The estimated value of the property after renovation is EUR 4,500,000;
The estimated revenue of the hotel in its first year of operation is EUR 968,857;
Monthly interest payments are attractive at 9.25%–10.5% per annum plus an additional fixed annual capital gain of 1.5% (payable at the end of the project);
The maximum loan-to-value (LTV) ratio for this project is 70%, with an LTV ratio of 31% for the first stage;
Investment security: first charge mortgage over the company that owns the project, the project’s assets, and surety;
An independent appraiser has valued the financed property at EUR 1,700,000.
The InRento team presents its first buy-to-let project in Italy, Sicily – Hotel Catania, Italy I. The investment offer consists of a three-storey building located in the Old Town at the following address: Via Fortino Vecchio, 100, 95122 Catania, Italy.
Currently, the building consists of 18 residential apartments with a total area of 1,460 m². The project aims to convert the building into a 4-star hotel with 35 rooms, a swimming pool, an outdoor terrace, and a restaurant.
The project is located in Catania, the second largest city in Sicily, located in a key tourist area of southern Italy. Catania is known for Mount Etna and its vibrant local culture, making it a popular destination that attracts tourists all year round.
The funded project’s location is strategically convenient – right next to the historic part of the city, with easy access to the central train station and Fontanarossa International Airport.
The project owner has experience implementing hotel rental concepts. The occupancy rate of managed projects is 85-90% throughout the year. This is due to high-quality, well-designed interiors and competitive prices that attract guests even during the off-season. Similar results are expected for this project.
After the renovation, the hotel’s projected revenue for the first year of operation is EUR 968,857.
The project owner, Bali Home S.R.L, has already acquired the financed property and has all the necessary permits to start the renovation. The funding will be used to carry out the renovation and refurbishment on the building. The hotel will be managed directly by the project owner.
Investors will receive a fixed monthly interest rate of 9.25% – 10.5%, depending on the amount invested. This project also has a fixed annual capital gain of 1.5%, which is paid at the end of the project.
This raises the total project yield from 10.75% to 12% annual return.
The maximum project duration is only 24 months.