Description
Building with a leasable area of about 5,000 m² includes 150 rooms.
The hotel was completed and opened in April, 2023.
Deal Structure: Asset Deal/Share Deal.
The annual income is 930,000 €.
The yield is 5.47%.
The building is fully let to a German hotel operator. The company is a franchisee of the largest international hotel groups and manages 40 hotels in Europe.
The lease agreement is cocluded for 20 years with 2x5 year renewal options.
Indexation of rent is provided.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The building is located in the state of Bavaria, on the territory of an agglomeration with a population of more than 1.2 million people.
Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.
