It is a seven-story hotel investment in Munich.
The building with total area of 4,564 m² was constructed in 2010.
The property is in good overall condition. The interior design combines traditional Bavarian features and modern lifestyle.
The hotel accomodates 280 rooms in total, including:
- 255 doubles;
- 22 junior suites;
- 3 separete suites.
The property is fully leased out to a management company.
- Spa zone with indoor pool;
- Beauty saloon;
- Winter Garden.
Absolute income is 4,400,000 €.
The current yield of 6,3%.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 5,95%.