Selling a 3-Star Hotel in Verona
KW Hospitality, the Keller Williams Italia division specialising in hotel brokerage, handles the sale of 3-star hotels in Verona through a network of qualified Italian and international buyers. The Verona 3-star hotel market has specific characteristics that make a specialist broker indispensable: the Verona Arena summer opera season (+60% ADR), Vinitaly, gateway to Lake Garda and the Dolomites, a UNESCO centre, a strong 4★ market.
The 3-star hotel market in Verona in 2026
The Verona hotel market in the 3-star category counts approximately 75 recorded properties. Typical seasonality: high June-September (Verona Arena opera season), Vinitaly in April, Lessinia skiing in winter.
Factors specific to the Verona market
- ›The opera season at the Arena (June-August) generates +60% ADR
- ›Vinitaly in April: international wine trade fair
- ›Strategic position on the Verona-Lake Garda-Dolomites axis
- ›Well-preserved UNESCO-listed historic centre
- ›Dominant 4★ market (65 properties estimated), rich 3★ segment
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 Verona worth?
EBITDA multiples for 3-star hotels in Verona in 2026 range between 7× and 10×, with a premium for prime historic-centre locations (+10% modifier). For a typical property of 50 rooms with a RevPAR of € 95 and 73% occupancy, the valuation range is € 3.6M - € 5.1M.
| Metric | Benchmark value |
|---|---|
| EBITDA multiples (3-star category) | 7× – 10× |
| Typical EBITDA margin | 22% – 32% |
| Prime location Verona | +10% |
| Average RevPAR Verona (3-star) | € 95 |
| Average occupancy | 73% |
| 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 the average value of a 3-star hotel in Verona?
The value of a 3-star hotel in Verona depends mainly on: RevPAR (typically €60-110 per night in the area), room count, historic EBITDA and location premium. A typical 40-room hotel with a RevPAR of €85 and 70% occupancy can be valued between €1.8M and €2.8M, on EBITDA multiples of 7-10×.
What is the typical EBITDA margin of a 3-star hotel?
Well-run 3-star hotels in Italy achieve EBITDA margins of between 22% and 32% of turnover. The key differences: the presence of F&B (which reduces the margin), staff efficiency (rooms-to-employee ratio) and the seasonality of the location.
Who buys 3-star hotels in Verona?
The typical buyer profile for 3-star hotels in Verona: independent operators looking to expand their portfolio, small private investors, local operators with specific knowledge of the area, and mid-market funds seeking cash-flow-positive assets.
How long does it take to sell a 3-star hotel?
The average time from mandate to closing for a well-positioned 3-star hotel is 6-9 months: 2-3 months for marketing and buyer qualification, 1-2 months for due diligence, and 1-2 months for negotiation and closing. Assets with issues (licences, litigation) may take longer.
Is it worth refurbishing a 3-star hotel before selling it?
Targeted refurbishments (rooms, bathrooms, lobby) can increase value by 7-15%, but only if the ROI is clearly positive (>1.5× the investment), the timing allows completion before going to market, and operations are not disrupted. KW Hospitality provides a confidential pre-sale analysis to assess the trade-off.
Request a confidential sale mandate
KW Hospitality brokers 3-star hotels in Verona through a confidential methodology, the global Keller Williams buyer network and a structured process running 6-12 months.
Request a confidential sale mandate → Estimate the value of your hotel