A 4-star hotel in Florence.
The hotel includes:
- 166 hotel rooms (with private terraces)
- 13 conference rooms
- 2 restaurants
- lounge area
Transaction type: Asset Deal.
The absolute annual income is 1,300,000 €.
The current yield is 5,7%.
The hotel is located in Florence, within a walking distance of Santa Maria Novella Train Station.
Florence is the administrative center of the Tuscany region. The population of the city is over 380,000 people.
Florence is the economic, tourist and industrial center of Italy.
The main sectors of the city's economy are: electronic devices, pharmacy, leather dressing, education, information and communication services, mechanical and electronic devices.
In the field of high technologies 4 key areas are developing in Florence: photonics, biomedicine, mechanics for energy and the environment, information and communication services. These are about 400 enterprises, which make up 33.9% of the total number and provide 36.5% of jobs and 47% of turnover.
Florence is considered a city of fashion. The whole industry of fashionable clothes, accessories, footwear is concentrated here. This is more than 9 thousand enterprises, which employs 37,600 workers. Of these 19,840 workers are involved in the leather industry.
Tourism, services, annual fairs and festivals, exhibitions and fashion shows also make a significant contribution to the income of Florence.