Portfolio of hotels, Budapest, Hungary

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Portfolio of hotels, Budapest, Hungary

22,874,000 $
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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.

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Enquire about this hotel
Anatoliy Onufriev
Anatoliy Onufriev
Real Estate Expert Tranio in Budapest
+44 17 4822 0039
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    • Bank financing from 5.5% annually
    • Construction site audits
    • Management company services