Four Star 400+ Room Hotel, Great Location Paris For Sale
Location: Between the Louvre and Place Vendome, Paris, France
Name: TBA
No. of Keys: 400+ Rooms and Suites
The Property: Great location in Paris centre, restaurants and bar, fitness centre with jacuzzi and spa.
85% occupancy in 2018, with ADR in excess of €320 – RevPAR just over €270
Revenue of €60m with healthy EBITDA; Yield on todays’ guide price just below 2.5% – hey it’s Paris! EM
Main Photo: The area near this hotel
Tenure: Freehold
Brand/Management: Both free to new owner, or owner will remain in place as management
Financials: Available upon signing NDA
Current Owner: Private family
Agent: Local agent in partnership with The Hotel Property Team
Guide Price: €700m
Guide Price per Key: €1,635,514
Date Posted: February 2020
THPT Comment: This is a great opportunity to acquire a great size hotel in a great location in Paris, flag-free!
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.