Locations: Netherlands, Portugal, Italy…located throughout the country…Budapest – located throughout the City – Central
Guide Price: Various – Price per Key…as below from €122k
No. of Keys: Various from 60-80 rooms to 250 per hotel
The Opportunity: Different portfolios from different sellers:
Portfolio One: Netherlands… 6 hotels with serious conference facilities and one stand-alone conference centre… 700 rooms, major cities throughout the Netherlands including a major hotel in Amsterdam (250 rooms). 4 x Four-Star and 2 x Three-Star Price per Key €225k (incl stand-alone conference centre)
Portfolio Two: Portugal.…7 hotels plus one outside of the country. Strong conference spaces, and some apartments. 1,500 rooms plus golf courses, throughout the country, including a five-star in Lisbon, four in the Algarve and two more resort hotels, on a Portuguese island. 2 x Five-Star, 3 x Four-Star and 3 x Three-Star. Price per Key €380k (incl several stand-alone golf-courses)
Portfolio Three: Budapest...5 hotels, city-centre. 450 rooms. 2 x Four-Star and 3 x Three-Star. Price per Key €122k
Portfolio Four: Budapest…see separate post: 5 hotels, all city-centre. All Four-Star, 430 rooms. Price per Key: €225k
Portfolio Five: Portugal… 10 hotels throughout the country, including three in Lisbon, Estoril, Cacais and the Algarve. Mix of rooms and apartments…1,100. 4 x Five-Star, 6 x Four-Star. Meeting rooms and more! Price per Key €300k (treating apartments as one key)
Portfolio Six: Italy…3 hotels, one in Venice, Four-Star, branded 375 rooms and one Five-Star, 58 rooms and the other Four-Star, 115 rooms in Ischia (an island south-west of Naples). Price per Key…distressed sale, incredibly low!
THPT Comment: With the exception of the hotel in Venice, the hotels are all flag-free and management-free. Most of the portfolios, once can buy the brand and marketing platform in the price. Almost every call we take these days is asking for “the Covid Discount”…not seeing that happening just yet in hard markets like Paris, London, Berlin and Amsterdam….but we are seeing it in these countries/cities – Budapest, Portugal, Italy and Spain.
Main Photo: One of the Five-Star hotels available
Current Owner: Various local companies
Flag and Management: The portfolios available free of management…either retain the current brand or not
Tenure: Virtually all freehold.
Agent: Local agents in partnership with The Hotel Property Team
Guide Price: as above
Guide Price per Key: from €122k
Date Posted: October 2020
THPT Comment: A great opportunity to secure these portfolios…either add to existing chain, or inherit a brand and sale platform.
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.
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.