Hotel in city Budapest
3500.00 sq.m., 80 bedrooms

€ 5 500 000

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Hungary. Budapest. This hotel with 80 rooms, 3 stars.
Done 6 years ago (repair and equipment) and leased to bona fide management company. The owners are happy and the hotel and the office.
The hotel is profitable, extremely profitable.
Conducted a full audit.
In the 4th district of Budapest, close to shopping centre, Duna Plaza and Aquaworld bath complex, a 15-minute drive from the historic centre, we offer for sale a well-functioning Hotel Superior***. A 5-minute drive from the ring road M0, from which you can get on any highway.
Rooms are modern, the service level meets the European standards.
Multifunctional conference rooms. For smaller family celebrations the hotel offers a representative Lounge.
All rooms include free Wi-Fi, a flat-screen satellite TV, a refrigerator and radio.
In 2015 in the framework of the contest "Hotel*** award for quality 2015" received the 1st Category.
Number of rooms: 80
Number of seats: 160
Free Parking with surveillance cameras
Price: 5.5 million Euro
The hotel, in addition to revenues from the direct activities, there are additional, regular and guaranteed income. On the first floor of the building there is a grocery store Penny market, leased many years ago and bringing the hotel owners a monthly income of 10.000 Euro. These areas (and the tenant) also in price.
On the roof of the hotel building is located the antennas of the two mobile providers. This lease brings the owners of the hotel further 18.000 euros per year. Rent long and guaranteed. Even in a regular, annual increase in rental rates providers profitable to stay in the same place, as the transfer antennas on the roof of another building comes at a high cost, not commensurate with the rate increase. These areas (and tenants) also in price.
The property of the owners of the hotel is not only the building itself, but the plot. The plot is quite large. Part of the land previously reserved for the Parking of tourist buses currently allocated and suitable for development of a residential building. If you want you can spend building it yourself, or sell the land to an independent developer. Site also in price.
Thanks to the excellent management and proximity to ring road (for transit guests!) its occupancy rate and the yield higher than that of many Central hotels.
There is a choice of apartments and houses in various budget, including commercial facilities.

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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