The four star hotel, close to Cologne (Sankt Augustin).
The hotel was purchased at auction five years ago. Since its restoration was invested EUR 3,000,000. In the near future will invest another 400 000 euros and the hotel will be ready for opening. The hotel has 91 double rooms, 4 single rooms, 3 suites and Grand Suite. The average price of accommodation for one night before restoration was 50 euros.
Very good location! Sankt Augustin is a town in Germany, in North Rhine — Westphalia. Subject to administrative district of Cologne. Is part of the Rhein-Sieg. The population is 55 442 (as at 31 December 2010). The city is divided into 8 urban areas. In Sankt Augustin are one of the universities Bonn-Rhein-Sieg and research institutes of the Fraunhofer Gesellschaft. Also the city is a base unit of special forces of the Federal police of Germany GSG 9.
The cost of the hotel at the moment - 3 500 000 Euro. The price does not include Commission fees, in the amount of 4,76 % of the price of the object and the cost of registration. The documents are ready to deal. Additional information is available upon request.
Asking Price Between $2,500,000 and $5,000,000
Sales Between $2,500,000 and $5,000,000
Profit Available On Request
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