A new hotel with a large hotel chain as the tenant and a long-term lease agreement.
The number of rooms is 85.
- parking (653 m²)
Type of transaction: Forward Deal, Asset/Share Deal.
Commisioning is planned for July 2022.
The annual rental income: 624,960 €.
The yield is 4.8%.
The hotel is operated by an international hotel chain with 80 hotels in Germany and Austria. The hotels are annually visited by 900,000 guests. It is planned to operate more than 100 hotels by 2022.
The lease agreement is signed with the operator for 20 years.
The tenant has 2 extension options for 5 more years.
Type of agreement: Double-Net Lease.
The tenant is responsible for both property taxes and premiums for insuring the building including security system, maintenance of building (apart from full renovation and bearing structures).
The notary fee: 1%.
The acquisition tax: 4.5%.
The brokerage fee: 3% + 19% VAT (total 3.57%).
The property is situated in Hamburg, a city of federal significance, near the airport. The distance to the city center is 12 km (a 20-min car drive or train ride).
Hamburg is the 2nd largest city in Germany (after Berlin) with the population of more than 1.8 million people. Hamburg is also the 7th largest and most populated non-capital city in the European Union. It is ranked 18th in the world for livability in 2016.
The city is home to famous leading companies such as EADS (aerospace), Airbus (civil aviation), Beiersdorf (beauty products).
Workers in Hamburg have the highest income of all federal states in Germany, averaging a median of 3,718 € a month.
Hamburg is among the leading networking locations. Congress Center Hamburg and Hamburg Exhibition Center attract 1 million visitors every year for various events and trade fairs.
Hamburg boasts an extensive tranport system. The Port of Hamburg is the largest sea port in Germany, 2nd in Europe and 9th largest in the world.
Hamburg airport serves about 17 million passengers per year (7th largest in Germany).
Hamburg is a global touristic destination. There are more than 40 theaters, 60 museums and 100 entertainment venues including famous night clubs and bars.
The city hotels have a high occupancy rate. In 2018 7.8 million tourists stayed for at least 1 night in hotels of Hamburg.