The hotel with chain hotel operator in the suburbs of Stuttgart.
Description
The hotel has 60+ rooms.
The annual income is 320,000 €.
The yield is 5.6%.
The propety is fully let. The tenant is a well-known hotel operator with more than 1,000 hotels worldwide.
The lease was concluded until 2025 with extension options 2x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The hotel is located in the federal state of Baden-Württemberg, in a city of about 50,000 inhabitants in the suburbs of Stuttgart. Stuttgart is less than 5 km away.
Stuttgart is the capital of Baden-Württemberg, one of the most important industrial and cultural centers of Germany. More than 630 thousand people live In Stuttgart (the 6th largest city in the country). The city with its agglomeration (5.3 million people) is one of 20 metropolitan areas with the largest percentage of gross domestic product in Europe.
Stuttgart is an important transport hub of Germany with an international airport (capacity of 11.8 million) and a railway station (traffic flow of 220k per day).
