Investment project to redevelop office building into the hotel in Frankfurt

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Investment project to redevelop office building into the hotel in Frankfurt

5,700,000 €
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Features
  • 15-floor building
  • Number of parking lots: 170
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%
  • Total premises: 416
  • Redevelopment

It is an office building investment with an option to convert it into a hotel.

Description

The property was built in 1972.

The project involves the redevelopment of the building into a modern hotel.

A preliminary building permit was obtained in 2012.

Redevelopment

The building will be extended to 15–16 floors.

The hotel will have up to 416 rooms and 170 parking places.

Estimated costs of € 15 million.

Location

The property is located 10 km from the city center and 15 km from the airport.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services