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Businesses For Sale   >>   Germany Businesses For Sale

Famous Five Star Hotel

Location  Germany
Asking Price Range  > $35.0M
Gross Revenues  $20242000
Net Profit / Cash Flow  $6937000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1955
Number of Employees  35 - 49
Relocatable  Not Disclosed
Number of Employees  35 - 49
Real Estate  Owned

Description  
The Kempinski Hotel Bristol is one of West-Berlin's most renown 5-star luxury hotels. The Kempinski was built in three phases in the 1950's and 1960's, and over the years has undergone a number of restorations and renovations, most recently in 2009. The Hotel is located directly in the Western centre of Berlin, on the famous shopping boulevard, Kurfrstendamm: five minutes from the main park, the Tiergarten and a short walk to the chic district of Charlottenburg. The famous Gedchtniskirche church is only 600 metres away and there are excellent transportation links to reach Berlin's many historic sites and museums. The Hotel combines high-quality service and grand tradition while it exudes timeless elegance. All of its 246 elegant rooms and 55 luxury suites feature highest comfort and are a symbiosis of exclusiveness and functionality. In 2009, 64 rooms have been renovated. Leading West-Berlin luxury hotel Located on the Kurfrstendamm which is West-Berlin's most prominent and famous shopping boulevard Known simply as ''The Kempi'' in Berlin - its lobby is often referred to as ''Berlin's most luxurious living-room'' - refurbished in 2009. 10 banquet and meeting facilities. Ballrooms. 2 restaurants: Kempinski Grill Restaurant (40 seats) and the Reinhard's (250 seats). Bar & cafe: Gobelin Hall (85 seats) and the Bristol Bar (80 seats). Spa offering cosmetic and beauty treatments Heated Swimming pool and fitness area Sauna and steam room. The hotel has generated revenues in the amount of 15 000 000 Euro in 2011 (4.8 million euros in 2010). Net income was 5 1 00 000 euros in 2011 and 5 140 000 Euro in 2012. The average occupancy rate of 69 % (2011) and 73.2 % in 2012. More detailed financial information is available upon request. Documents are ready to deal. Commissions and the registration price is not included in the cost of the object. Cost of the object of 65 million euros.


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