It is a four-star hotel in Westende, Berlin.
Description
The hotel was built in 1960s as a small apartment block, modernization and renovation have been carrying out regularly since 1970s. The hotel is in perfect condition.
The hotel includes
- 7 superior rooms;
- 36 double rooms;
- 4 single rooms.
Another services
- Pool;
- Sauna;
- Steam bath;
- The restaurant opens in an outdoor terrace.
Additionally
The hotel is constantly being renovated to comply with the latest requirements of the time. The hotel runs its own power block on cheap fuel since 2013, which can not only save money but also to get additional money from selling the surplus electricity.
The new owner can hire a special management company to run the facility.
Financial performance
Annual turnover is between 1,5 and 1,9 million €.
The net profit is 20–25% of annual turnover.
The current yield of 4,7%.
