3-Star Hotel Valuation in Naples
Valuing a 3-star hotel in Naples calls for a specialist methodology that combines sector EBITDA multiples, local RevPAR analysis, the underlying property value and positioning modifiers. KW Hospitality applies a structured framework tested across dozens of transactions in the Italian market. For the Naples market: the fastest growth in Italy (+14.6% YoY), gateway to the Coast/Capri/Pompeii, an expanding airport, an undervalued market with higher yields.
The 3-star hotel market in Naples in 2026
The Naples hotel market in the 3-star category comprises roughly 180 recorded properties. Seasonality typically peaks from spring to autumn (Easter to October), with strong results in December too, driven by shopping and the nativity-scene tradition.
Factors specific to the Naples market
- ›Fastest tourism growth in Italy (+14.6% YoY 2024)
- ›Gateway to the Amalfi Coast, Pompei, Capri, Ischia
- ›Capodichino airport expanding (European low-cost routes)
- ›Gentrification trend in the historic centre (Spaccanapoli, Quartieri Spagnoli)
- ›Market undervalued against top art cities → yield opportunity
Typical features of a 3-star hotel
3-star hotels represent the largest segment of the Italian hotel market: a balanced business-leisure offering, a broad target base (tourism, mid-market business, tour operators) and lean operations, with EBITDA margins averaging 22-32%.
Typical facilities
- • breakfast restaurant
- • bar
- • wifi
- • 24h reception
- • some meeting rooms
Typical buyer profile
- • independent operators
- • small investors
- • local operators
- • mid-market funds
What is a 3-star hotel in Naples worth?
EBITDA multiples for 3-star hotels in Naples in 2026 range between 7× and 10×, with prime historic-centre locations attracting a +5% modifier. For a typical 50-room property with a RevPAR of € 75 and 70% occupancy, the valuation range is € 2.7M - € 3.9M.
| Metric | Benchmark value |
|---|---|
| EBITDA multiples (3-star category) | 7× – 10× |
| Typical EBITDA margin | 22% – 32% |
| Prime location Naples | +5% |
| Average RevPAR Naples (3-star) | € 75 |
| Average occupancy | 70% |
| Typical room count | 25 – 80 rooms |
ⓘ The ranges shown are indicative and based on public market parameters. A professional valuation also considers: the condition of the property, staff contracts, the exact location, brand affiliation, licences, any litigation, and accessibility.
Data sources: ISTAT (tourist arrivals and overnight-stay statistics), Banca d'Italia (international tourism), industry benchmarks (CBRE, Cushman & Wakefield, JLL Hotels & Hospitality, STR Italia). Updated: Q1 2026.
Frequently asked questions
What is a 3-star hotel in Naples worth?
The value of a 3-star hotel in Naples is estimated on the income it generates, not on floor area alone. The EBITDA method multiplies gross operating profit by a market multiple (typically 6-12× in Italy), adjusted for category, location and building.
How is a hotel valued using the EBITDA method?
You start from revenue (rooms × RevPAR × 365), estimate EBITDA by applying the operating margin, and multiply by the market multiple. The result is a value range, refined through real estate and positioning analysis.
What is RevPAR and why does it matter in a valuation?
RevPAR (revenue per available room) is ADR × occupancy. It is one of the main value drivers: a higher RevPAR in Naples means greater earning capacity and therefore a higher market value.
Which factors increase the value of a 3-star hotel in Naples?
Location and tourist flows in Naples, brand affiliation, quality of F&B and wellness, condition of the building, cost efficiency and management contracts. Optimising these elements before a sale increases the applicable multiple.
Does KW Hospitality provide a preliminary estimate of my hotel's value?
Yes. We provide a preliminary estimate of the value of your 3-star hotel in Naples, with the market range and the levers to raise it. It is the ideal starting point before considering a sale.
Request a preliminary valuation
KW Hospitality brokers 3-star hotels in Naples through a confidential methodology, the global Keller Williams buyer network and a structured process running 6-12 months.
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