Five-star apart-hotel with long-term lease agreement.
The hotel includes 100 rooms. Construction will be completed in the I quarter of 2022.
Type of deal: forward deal.
The net annual income is 1,690,000 €.
The net yield is 4.5%.
The property is fully let. The tenant is a hotel chain of resort hotels.
The lease agreement is valid for 20 years.
Lease type: Triple Net Lease.
The hotel is located in a popular tourist destination about 20 km from Salzburg.
Salzburg is a city in western Austria, the capital of the federal state of Salzburg. Salzburg is Austria's fourth largest city after Vienna, Graz and Linz.
Salzburg is located 145 km east of Munich, 300 km west of Vienna and just five kilometers from the German border.