Hotel for own management, Prague, Czech Republic

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Hotel for own management, Prague, Czech Republic

4,830,000 €
1,932 € /m²
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  • Total area
    2,500 m²
  • Yield
    9.3%
Details
Property parameters
  • Land area: 554 m²
  • Total rooms: 53
  • 6-floor building
Financial performance
  • Annual income: 450,612 €
Transaction costs
  • Broker: 3.0%
Features
  • Swimming pool

Hotel in a quiet area of Prague.

Description

The hotel includes:

  • 53 rooms with 130 beds
  • breakfast room for 100 seats
  • sauna
  • swimming pool

Partial refurbishment of the building: new windows, new heating boilers, new interior of the rooms.

Deal type: Share Deal.

Location

The property is located in the Prague 4 area which is considered one of the greenest and environmentally friendly areas of the city due to several forest parks.

The hotel is located next to a tram stop from where you can quickly get to the Wenceslas Square.

Prague is the capital of the Czech Republic with the population of more than 1.28 million people.

The city is the main political, economic and cultural center of the Czech Republic and a major tourist center of Europe. The historical center of Prague is listed as a UNESCO World Heritage Site. The number of tourists in Prague in 2017 exceeded 10 million people.

From the branches of industry in Prague machine building (machine-tool building, transport, electrical engineering), chemical, textile, clothing, printing, food industry are developed.

During year 2018 about 7,650,000 tourists visited Prague –stable y/y

growth approximately by 7% a year.

  • Property on the map
    Location right down to the building, street or city
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