Hotel 1,700 m² in Parma

1,980,000 €

1,164 € /m²

Room stock 20
Yield —
Constructed 1960
Price per key 99,000 €

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Key project parameters

Total area: 1,700 m²
Land area: 2,300 m²
Room stock: 20
Hotel rating: 3
Price per key: 99,000 €
Constructed: 1960

Project description

Three-star hotel in the historic center of a town in the lower Parma area.

Description

The resort was built in the early 1960s. The last renovation of the building was carried out in 2012. The hotel includes:

20 rooms
restaurants
wine cellar
warehouse
outdoor terrace of about 300 m²
large green area of 2000 m²
parking
2 garages inside the building

Extra information

Garden

Car parks

Balcony or terrace

Tenants

Agreement: n/a

Without tenant.

Currently the hotel is managed by the owners.

Location and nearby infrastructure

The hotel is a 30-minute drive from Parma, Piacenza and Cremona and one hour from Milan.

Parma is a city in the northern Italian region of Emilia-Romagna.

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investment exit horizon: 2–3 years
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