Portfolio of 5 hotel assets in Germany.
Description
The portfolio consists of 5 centrally located city hotels in Baden-Württemberg, Bavaria, North Rhine-Westphalia and Schleswig-Holstein. The population of the cities ranges from 120 to 600 thousand people.
All hotels have a 15-year lease contract with a well-known and experienced hotel chain.
The total number of rooms — 232 units.
The annual income is 1,318,000 €.
The yield is 5.8%.
The hotels are fully let. The tenant is a well-known and experienced hotel chain with 80 properties under management in Germany.
The lease agreements are valid for 15 years.
Notary (state registration) is 1.5 – 2%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
All properties are centrally located in large cities of the following federal states of Germany: Baden-Württemberg, Bavaria, North Rhine-Westphalia and Schleswig-Holstein. The population of the cities ranges from 120 to 600 thousand people.
Germany leades in investment attractiveness among European countries. The volume of investments in commercial real estate is constantly growing and exceeds € 50 billion annually. The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe and the fourth-largest by nominal GDP in the world.
