The comfortable hotel consists of 222 rooms. In the territory of the hotel you find 10 conference rooms accommodating up to 700 delegates, a spa area, a gym with a swimming pool with a length of 15 m, saunas, a restaurant, a beer garden. The building was recently renovated.
All the rooms are equipped with air conditioning.
Guaranteed rental income of 1,250,000 euros from a German insurance company.
A long-term lease contract is concluded for the period until 31.12.2019.
Escalating rents: 2016 – 1,200,000 euros, 2017 – 1,250,000 euros, 2018 – 1,350,000 euros, starting from the 5th year — 1,500,000 euros.
The cost of ownership
Investment renovation obligation — from 3,500,000 euros up to 5,000,000 euros.
Location and nearby objects
The property is located near Hannover Messe trade fair grounds.