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Businesses For Sale   >>   Germany Businesses For Sale

Luxury Hotel Taschenbergpalais Kempinski

Location  Germany
Asking Price Range  > $35.0M
Gross Revenues  $20537000
Net Profit / Cash Flow  $6393000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1992
Number of Employees  20 - 34
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Owned

Description  
Leading luxury hotel in Dresden. Managed by Kempinski. Was awarded the Conde Nast Traveller Gold Award in 2010, the second year in a row. The building was built in 1708 by architect Johann Friedrich Karcher, as a Palace for the Countess Anna Constanze von Ноум. The Palace was destroyed during the Second World War, but was rebuilt in the period between 1992 and 1995. Common areas reconstructed in 2003. Today, the Grand Hotel is a sample of the Baroque architecture and combines elegance, comfort and modern technologies. Since its opening in 1995, the hotel has an excellent reputation due to the high quality of servicing guests and rooms. The hotel has 182 rooms, 31 suites, 1 palace suite. All rooms mahogany furniture, decorated with luxurious fabrics. Banquet and conference halls, ballroom area of 500 sq.m. 4 restaurants: Intermezzo - with a beautiful terrace, Palais Bistro, Paulaner's and Sophienkeller 2. Cafe Vestibl and Karl May bar. Restaurant and bar are leased. Spa, offering massage, Facials, and beauty treatments. Indoor swimming pool and fitness centre. Trade premises, including Juwelier Leicht/ Gallerie Modern H. & C. Walentowski. Unique location in the historical centre of Dresden. Hotel generate 15 100 000 Euro profit in 2011 (14 000 000 in 2010). Net profit - 4 700 000 euros per year. Rental income in excess of 1 300 000 Euro in 2011. The average occupancy rate was 67 %. Additional financial information is available upon request. Commissions and the registration price is not included in the cost of the object. Cost of the hotel is 70 000 000 Euro.


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