The building was constructed in 1960 and was used as an office center. In 1999 it was converted into a hotel. Since 2012, the hotel began active work and is in very good condition. The hotel 107 rooms, decorated in an elegant, modern style.
The hotel is conveniently located outside the busy city centre but has good transport links.
Project cost - 12 000 000 Euro. The average hotel occupancy rate of about 95 % for the year. The hotel rented out. Annual fixed rent - 714 000 € (assuming an added bonus). The annual turnover - about 2 500 000 Euro. The margin is 5.95 % per annum. The payback period is 17 years and 5 months. ARR – average room rate per night - EUR 64. The price is 116,82 euros. The rent per room per month - 556 euros. Documents ready to deal. Additional information is available upon request.

Posted Dec 27, 2015

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