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Businesses For Sale   >>   Germany Businesses For Sale

5 Star Hotel With 303 Rooms

Location  Germany
Asking Price Range  > $35.0M
Gross Revenues  $29744000
Net Profit / Cash Flow  $8340000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2011
Number of Employees  50 - 99
Relocatable  Not Disclosed
Number of Employees  50 - 99
Real Estate  Owned

Hotel-2011 construction consists of three buildings: directly at the hotel and the office towers B and C, with a leased office space. Underground two-level Parking. 334 Parking spaces. Size of the plot is 20 700 sq.m. Two buildings with a height of 65 meters with a unique modern design. 19 - story hotel is a glass tower with ordinary rooms and 10 Junior suites, two suites and one presidential number. Each room provides maximum comfort. Large French Windows give the guests each room a view of the harbour, the promenade, the Rhine and Dusseldorf. Office buildings have a breathtaking view of Dusseldorf and represent a 17 storey (the total area of 15 500 square meters) and 10 storey (area 10 000 sqm) building. Facilities in all offices corresponds to the latest technical standards. Tenants are world famous companies: Kienbaum Consultants International, Bain & Company, Kliemt & Vollstdt, Regus. The hotel is located directly on the river Rhine, in the harbour of Dusseldorf Speditionsstrae), in a lively Media Harbour, just a few steps from the famous Old Town. Hotel and office buildings managed by Global Hyatt Corporation (''Hyatt Regency''). This company is one of the largest's Premier hotel companies in the world and offers travelers today more than 735 hotels and resorts, with more than 136 000 rooms, more than 44 countries. The management contract is signed for 20 years with the option of renewal for two times in five years. The average hotel occupancy rate is 64 %. The cost of non - 189 Euro. Total revenue for the three years of operation amounted to 22 036 711 Euro. Net income amounted to 6 168 351 euros. The average rental income: in tower B - 19-21,5 euros/sq.m. of building C - 16,5 EUR/sq.m, the warehouse premises at the cellars of 10 Euro per sq.m, About 70 % of visitors to Dusseldorf - businessmen visiting the city for business purposes, that creates a need for places to stay for approximately 2.3 million people a year. Cost of the hotel is ...

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