For sale accommodation facility, city Palermo Sicilia

PALERMO HISTORIC CENTER – PRESTIGIOUS BUILDING WITH AN ESTABLISHED HOSPITALITY BUSINESS FOR SALE

For sale accommodation facility, city
IT Palermo - Sicilia
€ 2,800,000
Available with mortgage also for non-residents
Number of rooms: 17
Bathrooms: 18

In the heart of Palermo’s historic center, along the prestigious Arab-Norman route recognized by UNESCO as a World Heritage Site, we are offering an extraordinary investment opportunity for sale:an elegant, prestigious historic building housing a well-established and fully operational luxury hospitality business that occupies a significant portion of the property, located in one of the city’s most sought-after and visited areas.

This investment combines the charm and heritage value of a historic property with the high profitability of an established business, representing a rare opportunity in the Sicilian real estate market.

The property is managed to high quality standards and enjoys an excellent reputation among both domestic and international guests. The buyer will be able to immediately take over the management of an established business, avoiding the time, risks, and costs typically associated with the start-up phase.

The sale includes the entire property complex used for the hospitality business, the company, all furnishings, equipment, and operational assets necessary to run the business. The property is being sold fully furnished and in perfect working order, ready to generate income from the day of the closing.

Property and Features

The hospitality facility, located within this charming and expertly restored historic building, is organized according to the “albergo diffuso” model, which is particularly appreciated by international guests seeking an authentic experience in the heart of the city.

The property has a total of 15 double rooms, spread across three floors, all equipped with:

private bathroom, air conditioning, high-speed Wi-Fi, LED TV, minibar, safe, kettle with complimentary tea set, modern and functional furnishings.

A distinctive feature of the property is the splendid panoramic terrace, a true asset to the business, offering an unparalleled view of the monuments in the historic center, including the famous Casa Professa. An exclusive space that contributes significantly to high guest satisfaction and customer loyalty.

Strategic location

The property is located just a short walk from Ballarò, Via Maqueda, Quattro Canti, the Church of San Cataldo, and the city’s main cultural and historical attractions.

The Central Station is just a five-minute walk away, ensuring a quick and convenient connection for both Italian and international guests.

The location, nestled in the heart of Europe’s largest historic center, ensures a steady flow of tourists throughout the year and is one of the investment’s key strengths.

Established Business and Operational Performance

The property has maintained a high average occupancy rate for years, confirming the strength of tourist demand for Palermo and guests’ appreciation for the quality of the services offered.

A particularly interesting fact is that the property currently operates for approximately 325 days a year, remaining closed—by business choice—for about forty days.

The excellent financial results are therefore achieved without fully exploiting the business’s commercial potential. Extending the operating period would allow for a further increase in revenue and profitability without increasing the property’s capacity.

Growth and Enhancement Potential

The investment offers further development prospects thanks to the enhancement projects already planned for the property.

Of particular importance among these is the future installation of an elevator, which will significantly improve accessibility and comfort, broadening the target customer base and helping to increase the building’s commercial and property value.

This project is expected to have a positive impact on both occupancy rates and average room rates.

Why Invest

Sale includes both the property and the hospitality business. Prestigious historic building in the heart of Palermo’s historic center. Property listed as part of the UNESCO Arab-Norman Heritage Route. Established and well-run “albergo diffuso” (scattered hotel). 15 fully furnished double rooms. Business is immediately operational without additional initial investment. Proven profitability from the moment of takeover. High average annual occupancy rate. Exclusive panoramic terrace overlooking the city’s main monuments. Premium location in the heart of the city. Opportunity to increase revenue by extending the operating season. Elevator installation planned. Significant potential for property appreciation. A steadily growing tourism market with strong international demand.

A valuable investment in the heart of Palermo

This transaction represents a rare opportunity to acquire a prestigious historic building—already enhanced by a successful hospitality business—in one of Sicily’s most iconic areas.

The combination of real estate value, strategic location, immediate profitability, sound management, and ample room for growth makes this offering particularly attractive to investors, hotel groups, family offices, and operators specializing in the hospitality sector.

Purchasing this property means acquiring not only a profitable and perfectly organized business but also a real estate asset of great historical and architectural value, destined to maintain and increase its value over time thanks to its unique location and the continued growth of international tourism to Palermo.

Any information not included in this listing will be discussed directly with interested parties.


Features
  • Internal ref.: -
  • Sqm: 550
  • Bathrooms: 18
  • Energy class: D
  • Heating system: -