New hotel in the airport area, Hamburg, Germany

Additional information is provided after the signing of an NDA

New hotel in the airport area, Hamburg, Germany

13,150,000 €
5,479 € /m²
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  • Total area
    2,400 m²
  • Yield
    4.75%
  • Completion in
    2022.III
Details
Property parameters
  • Total rooms: 85
  • Hotel rating: 3
Financial performance
  • Annual income: 624,960 €
Tenants
  • Fully let
  • End of lease: 2040
Transaction costs
  • Notary (state registration): 1.0%
  • Acquisition tax: 4.5%
  • Broker: 3.0% + VAT
Features
  • Car parks

A new hotel with a large hotel chain as the tenant and a long-term lease agreement.

Description

The number of rooms is 85.

Facilities:

  • parking (653 m²)

Type of transaction: Forward Deal, Asset/Share Deal.

Commisioning is planned for July 2022.

Financial performance

The annual rental income: 624,960 €.

The yield is 4.8%.

Tenants

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).

Transaction costs

The notary fee: 1%.

The acquisition tax: 4.5%.

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

Location and nearby infrastructure

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.

More properties

If this ad doesn't suit you, have a look at the other hotels for sale in Hamburg.

All ads in the country: hotels for sale in Germany.

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.

Find out more
  • 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
4.8%
8—10%
Investment budget
13,150,000 €
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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