Three-star hotel in the city center.
Description
Key count: 70 rooms.
The hotel was renovated in 2018.
Deal structure: Asset Deal/ Share Deal.
Equipment
- elevator
- 2 restaurants & bar
- 2 conference rooms
- outdoor parking for 50 places
The \annual income is 220,000 €.
The current yield is 6,3%.
The tenant is a top-rated hotel operator with more than 50 hotels in Germany and Austria.
Lease agreement for 20 years, extension options for 2х5 years.
Double Net lease: the owner takes on the tax payment, insurance and capital repairs if necessary. Other details of the contract are negotiable between the owner and the tenant on an individual basis.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3,5%.
The brokerage fee is 4% + 19% VAT (in total 4.76%).
The hotel is located in the center of a town with a population of about 15,000, close to the pedestrian zone and the train station.
There is the headquarter of the world-famous manufacturing company that will already provide 60% of occupancy rate.
A good transport network, including the railway station and highways, connects the town with the major German cities.
50 km far from Neuschwanstein Castle:
- 1.400.000 tourists annually
- 6.000 visitors per day during summer
