Four-star hotel in central London.
Description
The hotel includes:
- 390 rooms including 12 deluxe rooms
- 24-hour reception area
- restaurant
- fully equipped conference center
- parking
All rooms are air conditioned and decorated in a bright contemporary style and feature large bathrooms, a PlayStation games kit and a private study area including desk.
Ownership: Freehold.
Occupancy: 73–75%.
It is possible to increase the hotel area by approximately 1,800 m².
The cost of the property is 175,000,000 £/192,644,000 €.
The absolute annual income is £ 7,000,000/ € 7,705,770.
The current yield is 4%.
The property is located in the center of London, only a couple of minutes’ walk to the metro station, and within easy reach of the many excellent shopping, restaurant, and transport facilities of Oxford Street and the West End. The hotel is just a 10-minute walk from Paddington Station, offering a direct train link to Heathrow Airport.
London is the capital and largest city of the United Kingdom of Great Britain and Northern Ireland and the 3rd largest city in Europe. The population of the city is more than 8.6 million people.
London is the main political, economic and cultural center of the United Kingdom.
London belongs to the global cities of the highest rank and the world's leading financial centers. Its economy is 1/5 of the country's one.
The tourism industry employs more than 250 thousand people. Every year tourists leave in London more than 10 billion pounds.
