Boutique — hotel in the central part of Paris, France

Additional information is provided after the signing of an NDA

Boutique — hotel in the central part of Paris, France

40,000,000 €
24,154 € /m²
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  • Total area
    1,656 m²
  • Yield
    3.8 %
  • Rental rate (m²/month)
    76 €
Details
Property parameters
  • Total rooms: 50
  • Hotel rating: 4
Financial performance
  • Annual income: 1,515,000 €
Tenants
  • Fully let
  • End of lease: 2030
Transaction costs
  • Broker: 2.0 %
Features
  • Balcony or terrace
  • Furnished

Four-star hotel in the center of Paris.

Description

The hotel includes:

  • 50 rooms (including suites), decorated in neutral colors with the use of exclusive materials. All rooms have a marble bathroom.
  • SPA complex with hammam and treatment rooms
  • Fitness center
  • A bar
  • A restaurant
  • Meeting rooms

The hotel was renovated in 2017.

Financial performance

Current yield: 3,8%

Total annual income: € 1,515,000

Expected annual income: € 1,672,000

Expected yield: 4,2%

Tenants

The tenant is a large international hotel chain, which manages hotels with a total number of rooms exceeding 5,000.

Fixed commercial lease 12 years signed in April 2018.

Option to renew the lease at same conditions at tenant’s hand; in case of no renewal, the value of the operating hotel fund stay property of building owner.

Transaction costs

Broker's commission: 2% + VAT

Location and nearby infrastructure

The hotel is located in the central part of Paris. There are Place de la Concorde, Louvre, Champs Elysees situated nearby.

Paris is the main political, economic and cultural center of France. It belongs to global cities, global financial centers. It is the headquarter of UNESCO and other international organizations.

Paris provides about a third of the country's GDP and is one of the most important shopping centers in Europe, with headquarters for many of the world's largest companies, including the AXA insurance group, the BNP Paribas banking groups and the Société Générale.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other hotels for sale in France.

You can see more hotels for sale in Paris elsewhere on our website.

Statistics in Paris

Price per m², €
10,760
Healthcare efficiency level
76
Index 76 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
49
Index 49 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 10,759.65
Apartment in a bedroom community, m² 7,964.43
Transport Price, €
Public transport, 1 ride 1.9
Monthly travel card 75.1
Taxi, 1 km 1.3
Petrol, 1 l 1.57
Food Price, €
Water, 1.5 l 0.87
Milk, 1 l 1.16
White bread, 500 g 1.47
Eggs, a dozen 3.27
Chicken fillet, 1 kg 12.44
Education Price, €
Kindergarten, per month 851.36
International school, per year 12,239.69
Health care index
Staff competence 82.08
Medical equipment 89.29
Research accuracy and completeness 78.13
Attitude towards patients 62.86
Security index
Crime rate 54.97
The risk of being robbed 53.42
The risk of car theft 50.92
The risk of break-in and property damage 62.04

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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