Description

The hotel is located in close proximity to the central train station, next to a historic architectural monument, in the most prestigious area of the city. The total area of the property is 1,600 m², with a land plot of 300 m². It is a 5-story building with an additional stepped attic floor, constructed recently. The property includes a hotel with 37 rooms (66 beds) and a bistro. The hotel has been on this site for over 60 years. In 2017, the building was fully modernized and an attic floor was added. The hotel holds a 3-star rating, with room rates of €68 per night. During peak times, such as major exhibitions, prices can rise to €300. The average annual occupancy rate of the hotel exceeds 90%. The annual turnover is between €1.1 and €1.2 million. Currently, the hotel is leased to a management company. According to the owner, the hotel can be transferred to the buyer without obligations to the current tenant. The management company is also ready to sign a long-term lease agreement with the new owner. Lease terms are subject to negotiation. The proposed rent is €400,000 per year net. According to the seller, further information about the property and the terms of sale will be provided after the buyer submits a written offer in the form of a Letter of Intent (LOI). Photographs of the building are not published.