Mountains have always been a big deal among property investors. Snowballing interest in ski resorts in France, Switzerland, Italy and more has turned the snowy season into an avalanche of income for those with the right eye for an opportunity. Tourists, though, are no longer just skiing downhill in the winter: they are hitting the slopes in the summer too.
Hiking, cycling and walking routes have given mountain resorts a whole new lease of life in the warmer months, offering visitors a tranquil outdoors getaway against an epic landscape.
Summer mountain resorts were highlighted as an emerging market by the Italian Tourist Board in 2014. Since then, demand has climbed. In France, developer MGM says that more than 12 million people visited the Alps during summer 2015, with its ski chalets occupied 80 per cent of the time – higher than the 70 per cent achieved in winter.
That growing sector means that mountain properties are swiftly becoming music to investors’ ears, as the summer potential opens up a bigger market for returns.
Falcade, in the Italian Dolomites, for example, has become famous as both a summer and winter destination, thanks to its position at the foot of the Focobon chain of mountains, surrounded by green trees and meadows. Trekking, cycling and even motorcyclists enjoy the valley passes in the summer, justifying the Dolomites’ inclusion on the list of UNESCO World Heritage Sites in 2009.
One fully operational three-star hotel in the area now opens for 12 months a year to capitalise on the year-round appeal.
The hotel, which comprises two buildings connected by a restaurant, offers daytime and night skiing, but also has a wide choice of other amenities. There are a total of 23 chalet-style rooms, including one-bed, double and triple rooms, all of which boast views of the mountains. The property was first built in 1979 and was refurbished in 2012, but still has the potential for spa facilities to be installed.
Business is already moving at some speed, with 1,500 customers staying per year and two peak seasons from December to April and June to September. Its location near to a consumer product manufacturer’s factory also means that there is a steady business clientele established – the 1,500 does not include the number of people who visit the restaurant.
In all, the hotel generates a revenue of €300,000, with a separate two-bed apartment available for the family operating the premises. Sounds like your kind of tune? It is currently for sale for £1 milllion. Find out more information here.Google+