It is a great oportunity to invest in construction of a hotel in North Rhine-Westphalia.
The future hotel will consist of a ten-storey main building and a six-storey auxiliary building, with a total area of 7,800 m².
Construction was started in the IV quarter of 2014 and is scheduled for completion in the II quarter of 2016.
The hotel according to the current construction plan will consist of:
- 180 rooms;
- 28 parking spaces;
- conference area.
The object is already leased for 20 years to an anchor tenant, which is one of the largest German hotel management company, with the possibility of twice prolongation by five years each.
The projected total income is 1,839,000 €.
The projected yield of 5,3%.
The property is located in one of the largest cities in the state of North Rhine-Westphalia. The city is located within the Rhine-Ruhr metro area, which is among the most important and fastest-growing hubs of economic activity in Germany. Its close proximity to the Ruhr region, one of Germany’s best-developed metropolitan areas in terms of transportation, offers excellent transportation connections.