Business hotel.
Description
The hotel room capacity: 150 rooms, including 20 apartments.
The hotel includes a bar and a restaurant.
There is a parking for 130 cars in the territory of the property.
The building was built in 2017.
Financial performance
Absolute annual income is 1,375,000 euro.
The current yield of 6%.
Tenants
The hotel is rented.
The lease agreement is valid until December 2037 and includes extension options for 2x5 years.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3,5%.
The broker's fee of 4%.
Location
The hotel is located in the territory of an industrial park in the suburb of Munich.
The airport and the entrance to the highway are located near the property. Public transport stops are situated in a walking distance from the hotel.
