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Businesses For Sale   >>   Germany Businesses For Sale

Famous 5 Star Hotel For Sale

Location  Germany
Asking Price Range  > $35.0M
Gross Revenues  $26089000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1909
Number of Employees  50 - 99
Relocatable  Not Disclosed
Number of Employees  50 - 99
Real Estate  Owned

The famous five-star Atlantic hotel in the heart of Hamburg. Hotel known all over the world, which is the embodiment of luxury and elegance, was discovered over 100 years ago, in 1909. Manages the hotel since 1957 Kempinski. The hotel the heads of many States, celebrities and were shooting the film about James bond - Tomorrow never dies''. 221 rooms in the historical part of the building was renovated in 2011. The cost of restoration amounted to 25 000 000 Euro. The hotel has 191 ordinary rooms, 29 suites and junior suites, 1 presidential Suite and 24 rooms in the annexe. There are opportunities to increase the number of room Fund in the Annex to 100 units. Plus possible construction of a new Spa center and underground Parking for that permission. 13 Banquet and conference halls for up to 1000 people, which are widely used for celebrations, business meetings and bring in a steady substantial income. 4 restaurants: Atlantic - classical food and regional specialities (leader, along with the Tsao Yang , the number of visitors at lunchtime), Tsao Yang (a leading Chinese restaurant in Hamburg), Alstersalon (Breakfast/ Lunch), atrium (courtyard). Widely known as a lobby bar at the hotel Atlantic. Restaurant and bar currently leased. Spa, offering rejuvenating cosmetic and beauty treatments. Indoor pool and fitness center. The land area of 13 440 sq.m. the Total area of buildings with the lease area: 10 880 and 4 356 sq.m, a basement - 5 040 sq.m. The Hotel is located on the shore of the picturesque Alster lake, in the centre of Hamburg, near the Hamburger Kunsthalle (art Museum) and the National Theatre. In 2012, hotel revenue was 19 300 000 per year (12 500 000 euros in 2011. The average occupancy rate in 2012 was - 62,5 %. In the price is not included charges and the cost of registration. Additional financial information is available upon request. Cost of the hotel is 90 000 000 Euro

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