Hotel – Milan, Lombardy, Italy

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Hotel – Milan, Lombardy, Italy

6,500,000 €
2,031 € /m²
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  • Total area
    3,200 m²
  • Yield
    7.0%
Details
Property parameters
  • Land area: 2,100 m²
  • Total rooms: 80
  • Number of parking lots: 100
  • Hotel rating: 3
Features
  • Garden
  • Car parks

Three-star hotel.

Description

There is an opportunity to increase the number of rooms to 120 and build a restaurant on the roof with a panoramic view of the city.

Own management is required.

Occupancy: 55–60%

The operator takes upon the upgrade of 2 floors (40 rooms).

Equipment

  • Bar/ lounge area
  • Garden
  • Conference halls
  • Parking (about 100 lots)

Financial performance

Current yield is 6–7%

Location

The object is in the north-west of Milan.

There are two major exhibition centers and a football club nearby.

Milan is the center of the Lombardy region, Italy's second largest city, the country's largest industrial, financial, commercial and transport hub, an important cultural center. The population of the city is more than 1.3 million people.

The city is famous for its museums, art galleries, theaters, monuments of architecture, educational institutions.

There are many financial and trading companies (Pirelli, Telecom Italia, Alfa Romeo) in Milan; industrial enterprises are located in the suburbs. The fashion houses and clothing industry copanies (Giorgio Armani, Gianni Versace, Dolce & Gabbana, Prada, etc.) are world famous and located in Milan.

More properties

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

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

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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