Package of three hotels in Germany

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Package of three hotels in Germany

34,300,000 €
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Total area: 19,346 m² Yield: 6.5% Built in 1992
  • Absolute return: 2,228,500 €
  • Land area: 19,084 m²
  • Percentage of the rented area: 100%
  • Number of parking lots: 450
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.8%
  • Total rooms: 454
  • Internet
  • TV
  • Car parks

It is two four-star hotels in Hamburg and Hanover, as well as a three star hotel in Nuremberg.

Description

The total area of the hotels is 19,346 m², of which:

  • 9,072 m² — hotel in Hamburg;
  • 7,644 m² — hotel in Hanover;
  • 2,630 m² — hotel in Nuremberg.

The total land area is 19,084 m², of which:

  • 5063 m² — a site in Hamburg;
  • 8847 m² — land in Hanover;
  • 5174 m² — a site in Nuremberg.

All hotels leased to a signle major hotel chain.

Hamburg

The five-storey hotel building in Hamburg was constructed in 1992, there are 205 rooms in total.

Hotel features:

  • Wellness;
  • Sauna;
  • Fitness;
  • Restaurant and bar;
  • Conference rooms for up to 550 people;
  • Underground parking for 200 cars.

Hanover

Four-storey building of the hotel in Hannover was built in 1993, there are 179 rooms in total.

Hotel features:

  • Wellness;
  • Sauna;
  • Fitness;
  • Restaurant and bar;
  • Conference rooms for up to 350 people;
  • Parking for 150 cars.

Nuremberg

The three-storey hotel building in Nuremberg was constructed in 1997, all 70 rooms at the hotel.

Hotel features:

  • Wellness;
  • Sauna;
  • Solarium;
  • Restaurant and bar;
  • 4 meeting rooms;
  • Parking for 100 cars.

Financial performance

Absolute income is 2,228,500 €.

The current yield of 6,5%.

Tenants

The tenant is one of the world's largest hotel chains.

The lease agreement will be signed for 20 years with possible extension options only when hotels are sold out.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 4,76%.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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