Hotel, Dusseldorf, Germany

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Hotel, Dusseldorf, Germany

60,000,000 €
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  • Yield
    4.7%
Details
Property parameters
  • Total rooms: 222
  • Hotel rating: 4
Financial performance
  • Annual income: 2,796,000 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.5%
  • Broker: 5.0% + VAT

A 4-star hotel in the center of Dusseldorf.

Description

A 12-storey hotel in Dusseldorf.

The property includes:

  • 222 hotel rooms
  • 6 conference rooms
  • underground parking (70 places)

Financial performance

The absolute annual income is 2,796,000 €.

The current yield of 4,7%.

Tenants

The purchase of the hotel without an operator is possible.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 6,5%.

Brokerage fee is 5% + VAT 19% (total 5,95%).

Location

The hotel is located in Dusseldorf.

Düsseldorf is the administrative center of the federal state of North Rhine-Westphalia. The population of the city is more than 610,000 people. An increase in the city’s population to 645,600 is projected by 2030.

Düsseldorf is one of the most economically developed cities in the Rhine-Ruhr region due to its location in the center of the largest metropolitan area, the presence of the rd largest international airport in Germany and the exhibition center.

There are the headquarters of many large companies here, including E. ON, Henkel Group, Vodafon Germany Metro AG, Rheinmetall, Degussa, NRW. Bank, WestLB, E-Plus. In Düsseldorf Daimler manufactures Mercedes-Benz Sprinter, Volkswagen AG — VW Crafter.

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

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

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  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a hotel purchase with a construction loan

Investment vehicle
Hotel
Construction loan
Yield per annum
4.7%
8—10%
Investment budget
60,000,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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