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Businesses For Sale   >>   Germany Businesses For Sale

Hotel And Office Building For Sale

Location  Germany
Asking Price Range  $20.0M - $35.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1991
Number of Employees  20 - 34
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Owned

Hotel and office building for sale, total area about 11 238 sq.m. commissioned in long-term rent, in Hamburg. Hotel with 140 rooms occupies an area of about 5 776 sq.m. Office building - about 5 462 sq.m land plot area - 4 400 sq.m. 1991 buildings. The hotel was renovated in 2011, office building in 2006. The hotel has a franchise agreement with Accor Group for 3-4 star category of the brand of Accor, Mercure. Mercure manages more than 700 hotels in nearly 50 countries of the world. Franchisor - Orange Hotel Group, which runs 14 hotels, some of them are owned by the company. Orange Hotel Group managed by 2 partners who work together in the hospitality industry for over 35 years. The rental agreement with Accor, Mercure has a residual maturity of 18 years. The office building is only one tenant - company Goodgame Studios, signed a lease agreement for five years with the option of renewal, beginning from June 01, 2014. In connection with the proposed expansion Goodgame Studios rent all the building as a whole. The object is located in the district Bahrenfeld, at the address: Albert-Einstein-Ring 2-5 in 22761 Hamburg - Bahrenfeld. The area is with excellent infrastructure and good transport accessibility, from the nearest u-Bahn Bahrenfeld, there is the entrance to the motorway A7. In the area are many shops, cafes and restaurants, is a large number of cultural events. District Bahrenfeld is located between the centre of Hamburg and Elbvororten. Annual income is 1 250 000 Euro. The payback period of 12 years and 5 months. Additional information is available upon request. The Commission fee in the amount of 5.25 % of the value +VAT and the registration price is not included in the cost of the object. The documents are ready to deal. Cost of the project - 15 200 000 Euro.

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