Hotel in Hannover

€ 29,900,000

Description

Business hotel, four stars, in Hanover.
A superb six-story hotel, built in 1994. The hotel has 222 fully air-conditioned rooms, superior and deluxe. Spa with 15 meter indoor swimming pool and gym, fitness center, jacuzzi, sauna. 10 large conference rooms, accommodating up to 700 people. Restaurant, brasserie and bar with terrace.
Hannover - the administrative center of Lower Saxony in the Federal Republic of Germany. The port on the river Leine and Srednenemetskom channel. There is an international airport. The city hosts the annual industrial fair, the largest of which are the Hannover Messe and CeBIT. Distance to the North Sea is 160 km, to the Baltic Sea - 200 kilometers. The population of Hanover is about 520 000 people.
Located close to the trade fair Hannover Messe complex.
The cost of the hotel - 29 900 000 EUR. There delayed investment in the amount of 3.5-5 million euros related to the obligations of the repair of the building. There is a long-term contract with the operator, in force since 1 January 2015 to 31 December 2029. There are rent increases: 2016 - 1 200 000 euros; 2017 - 1 250 000 euros; 2018 - 1 350 000 euros. After five years of the lease it will be the sum of 1 500 000 euros annually. Rental Amount 1 250 000 Euro guaranteed a German insurance company. The commission is 5.95% of the purchase price, including 19% VAT. The documents are ready to deal. Additional information is available upon request.


Property details

Floor
6
Guard
1
Number of premises
250
Currently functioning
1
Ownership type
Proprietary
Payback period
14
Year of construction
1994

Location

Hannover

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