A five-star hotel in a detached building.
Description
The hotel includes:
- 95 rooms
- restaurant for 75 seats
- 2 conference rooms
- fitness-club
- spa
Absolute annual income is 4,000,000 €.
The current yield of 4%.
The indexation of rental revenue is proportional to inflation.
It is possible to obtain bank loan for 60% of the value of the property at 1.75% per annum.
The tenant is a large hotel operator.
The lease agreement is signed for 15 years with extension options for 2x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
The broker's fee of 4%.
The hotel is located in the central district of Frankfurt. There are public transport stops, a Metro station, shops and office centers situated in proximity from the property.