New hotel.
Description
The total area of the building is 6,650 m².
The total land area is 4,496 m².
The hotel room capacity: 159 rooms.
The price includes parking for 57 cars.
The construction will be completed in Q4 2017.
Type of transaction: Asset Deal or Share Deal.
Financial performance
Absolute annual income is 1,146,264 €.
The current yield of 5.8%.
Tenants
The tenant is a large hotel chain.
The lease agreement is concluded for 20 years, until 2037, and includes extension options for 2х5 years.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6.5%.
Location
The hotel is located in the city of Dusseldorf, in the state of North Rhine-Westphalia. There are motorways and river ports situated within vicinity of the hotel.
