New hotel with a long-term lease agreement.
The construction is planned to be finished in the summer of 2020.
The hotel will include:
- 143 rooms
- 65 parking spaces
- reception area and automatic registration system
Deal tyoe: Forward Deal.
The expected annual income is 700,000 € + VAT.
The expected yield is 4,8%.
The tenant is the German hotel operator.
The lease agreement is valid for 20 years with the extension options of 2x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3,5%.
The brokerage fee is 3% + 19% VAT (in total 3.57%).
The property is located approximately 15 km from Munich Airport. It is located on a street with good traffic, in an industrial area. There are well-known chain supermarkets, central supermarket warehouses, furniture stores, fast food restaurants and etc. located nearby.
The international airport of Munich — the 2nd in Germany by the number of passengers served. The capacity of the airport with 2 active runways is 50 million passengers per year.
There is an increase in demand for hotel reservations near Munich Airport: the number of overnight stays in 2018 rose to 1.89 million, which is 89.3% more than in 2009.
Modern Munich is a large industrial and research center, as well as the IT capital of Germany.
Munich attracts tourists due to the large number of architectural and cultural monuments, and it is also the city of museums, many of which were created over the centuries.
Real estate in Munich is the most expensive in Germany. The average monthly income per capita of Munich is 1,600 euros.