111 Room Business Hotel For Sale, Frankfurt Am Main Close to Exhibition Halls with Scope for Growth
Location: Close to Rebstockpark and Frankfurt Messe, 3 km north of The River Main, Germany
Name: TBA – Three Star
No. of Keys: 111 plus scope to add 50 more
The Property: The hotel is a straight-forward business style hotel, close to the Messe, enjoying an occupancy of 80% over the past four years. Included in the price is the adjacent building, which would give one the scope to add 50 more rooms.
Parking currently for 24 cars. Rooms have air-conditioning. There are two meeting rooms that can take upto 50 people.
The hotel is currently on a management rental of €850,000 p.a. until 2044. IR
Main Photo: This hotel
Tenure: Freehold…Sale is for an share deal
Brand/Management: Management and Flag free
Financials: Available upon signing NDA
Current Owner: Private family.
Agent: Local agent in partnership with The Hotel Property Team
Guide Price: €15.8m, producing a yield of 5.6%
Guide Price per Key: €142,342
Date Posted: March 2020
THPT Comment: This is a great opportunity to acquire a bog-standard business hotel and add rooms and perhaps upgrade to four-star.
Contact us for further information
This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
For more information – Visit www.thpt.co.uk or email info@rrh.hmf.mybluehost.me.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.