Hotel, Hamburg, Germany

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Hotel, Hamburg, Germany

14,000,000 €
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Total area: 2,300 m² Yield: 5.0% Built in 2006
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Features
  • Operating Incomе: 700,000 €
  • Land area: 1,600 m²
  • 5-floor building
  • Occupancy: 100%
  • Minimum owner's capital: 5,800,000 €
  • Most recent total renovation: 2018
  • IRR 10.0%
  • End of lease: 2038
  • Notary (state registration): 1.5%
  • Acquisition tax: 4.5%
  • Broker: 3.0%
  • Total rooms: 100
  • Hotel rating: 3

3-star hotel with the occupancy rate of 80%. 

The building is renovated in 2018: lobby, restaurant and all guest rooms are repaired at the expense of the new operator.

Description

  • parking
  • elevator
  • restaurant

It is possible to purchase a hotel without an operator. The price is 16,000,000 euros.

Financial performance

With the loan IRR will be up to 10% per annum.

Loan

Up to 65% leverage from the purchase amount, 2% interest payment per annum. 

Tenants

The tenant is a hotel chain with more than 50 hotels in Germany and Austria.

The lease agreement is valid for 20 years. 

Type of lease: Double net — the tenant pays for the primary full renovation and all operating expenses. The owner takes on the tax payment, insurance and capital repairs if necessary. Other details of the contract are negotiable between the owner and the tenant on an individual basis.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 4.5%.

The brokerage fee is 3% + 19% VAT (in total 3.57%).

Location and nearby objects

The property is located next to the Bilhaven Harbor, in 3 km from the Hamburg Central Station and in 10 km from the Hamburg Airport. In 2018 a new metro station is opening in a 3-minute walk from the hotel.

The city thrives in the direction of the Bilhafen harbor. We have every reason to forecast that in 10 years Hamburg prime-centre will reach this area. The construction of a large top class residential complex and a new 5-star hotel is starting just opposite to the property. 

The hotel guests can use all services of a neighbour 4-star hotel, they are connected by walkways. This neighborhood is the advantage: 

  • the hotel does not require sizeable staff; 
  • access to the services of a more upscale hotel; 
  • possibility to fully automate the management in future. 

 Explicit potential to increase the profitability.

More properties

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

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

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Enquire about this hotel
Anatoliy Onufriev
Anatoliy Onufriev
Real Estate Expert Tranio in Hamburg
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services