Hotel with underground parking for 50 lots. The refurbishment of the building will be finished in the end of 2016.
Description
Building area is 16,120 m²
The hotel room capacity: 210 rooms. The building is provided with standard guest rooms and suites.
Equipment
The hotel includes two restaurants for 120 and 60 covers, piano bar, indoor swimming pool, spa, beauty salon, massage salon and solarium. There are 3 conference rooms in the building. 24-hour room service and concierge.
Financial performance
Absolute income is 7,000,000 €.
The current yield of 3,2%.
Transaction costs
Notary fee of 1,5%.
The broker's fee of 3,57%.
Location
The property is located in the Downtown of Luxembourg city.
