Four-Star Hotel, 125+ Rooms Verona, Italy For Sale

Location: Verona, Italy…Close to the city-centre

Name: TBA

No. of Keys: 125+

The Property: Constructed in 1990 and tastefully renovated in 2017, this business/conference hotel is located out of the city centre, close to the highway entrance and enroute to the airport.

The meeting room takes 220 pax and can divide into two rooms – 180 sqm, with three additional break-out, smaller rooms.

Elegant Restaurant, with separate breakfast room overlooking the garden and bar area.

Verona is a city in northern Italy’s Veneto region, with a medieval old town built between the meandering Adige River. It’s famous for being the setting of Shakespeare’s “Romeo and Juliet.”

Verona is on a line between Milan and Venice.

Main Photo: The historic city of Verona

Tenure: TBA

Brand/Management: Tenant, a small hotel group, with flag, in place paying €500k NOI per year

Financials: Full financials available upon signing a NDA and LOI

Current Owner: Private owner

Agent: Leading Properties in partnership with The Hotel Property Team

Guide Price: €9.5m plus agency fees, negotiable

Guide Price per Key: €72,000

Date Posted: October 2019

THPT Comment: A great opportunity to add Verona to your list of hotels in Italy

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@thpt.co.uk.

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.