It is a newly built hotet in close suburb of Stuttgart.
The hotel has 123 rooms in total.
It is located within the complex, which includes office and residential buildings.
There is also a parking for 77 cars.
The property will be commissioned in October 2016.
The hotel is already leased out to a managing company.
Absolute income is 618,120 €.
The current yield of 6%.
Tenant is a Nordic Hotels AG Gruppe, which operates 25 hotels in Germany.
The lease agreement is signed for 20 years until 2036 with extension options for 2x5 years.
Notary fee of 1,5%.
RE purchase tax of 5%.
The broker's fee of 4,76%.
The hotel is situated 13 kilometers from Frankfurt center.
There are shops, cafes and bus stops in the neighborhood.
The metro and train stations are within 1,5 km distance.