Hotel 1,656 m² in Paris

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.

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.

Current yield: 3,8%

Total annual income: € 1,515,000

Expected annual income: € 1,672,000

Expected yield: 4,2%

Broker's commission: 2% + VAT

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.