Portfolio of hotels, Budapest, Hungary

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Portfolio of hotels, Budapest, Hungary

22,687,000 $
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Yield: 6.0%
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Features
  • Operating Incomе: 4,300,000 €
  • Occupancy: 100%
  • Number of parking lots: 35
  • Hotel rating: 4

Two four-star hotels in a historic buildings of the 19th century.

Description

The first hotel 

Hotel room capacity: 70–80 rooms.

The property includes two conference rooms with an area of 65 m² and 60 m², a meeting room of 38 m², a wellness center with a sauna, a fitness room, a cafe, a breakfast room and a lounge bar.

The second hotel 

Hotel room capacity: 60–70 rooms.

The property includes two conference rooms with a total capacity of 70 people, a library, a business center, a wellness center with a sauna and a jacuzzi, a breakfast room and a lounge bar.

The hotels are in good condition.

Financial performance

The absolute annual income is 4,300,000 euros.

The current yield is 6%.

Tenants

The lease agreement is valid for 20 years.

Location

Budapest is the center of Hungarian economy, as all major corporations, government agencies and banks are situated there.

The hotels are located in the 5th and 8th districts in the city center.

There are Vereshmarti Square, the Danube embankment, coffee shops, confectioneries in the center of the 5th district.

There are educational buildings, green spaces, Orczy park, Füvészkert and the park areas Rezsőtér and II János Pál pápa tér in the 8th district.

Statistics in Budapest

Price per m², $
3,152
Healthcare efficiency level
47
Crime rate
37
Real estate Price, $
Apartment in the city centre, m² 3,152.46
Apartment in a bedroom community, m² 1,848.11
Transport Price, $
Public transport, 1 ride 1.25
Monthly travel card 33.85
Taxi, 1 km 1.07
Petrol, 1 l 1.41
Food Price, $
Water, 1.5 l 0.41
Milk, 1 l 0.84
White bread, 500 g 0.83
Eggs, a dozen 1.88
Chicken fillet, 1 kg 5.23
Education Price, $
Kindergarten, per month 318.81
International school, per year 7,147.6
Health care index
Staff competence 53.66
Medical equipment 41.92
Research accuracy and completeness 48.36
Attitude towards patients 41.83
Security index
Crime rate 32.65
The risk of being robbed 30.23
The risk of car theft 43.98
The risk of break-in and property damage 48.13

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Olga Starintseva
Real Estate Expert Tranio in Budapest
+44 17 4822 0039
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