Hotel 3* in a Suburb of Munich for Sale with 110+ Rooms, 20 Year NN Lease Agreement
Property type: hotel
Purchase of established rental business
Hotel category: 3*
Room capacity: 110+
Construction year: 2014
Location: a suburb of Munich, the state of Bavaria, Germany
• hotel is set in a picturesque location in a suburb of Munich within 30 minutes’ drive of the city center
Hotel operator: 20 year NN-lease agreement
• with the possibility of a renewal option
• with indexation of yield linked to inflation
• with a bank guarantee
• Yield: 6.0% per annum
Double net lease (NN lease):
• tenant (Hotel operator) is responsible for almost all operating expenses (including land tax, building insurance, minor repairs, etc.), except for total building renovation
• the owner is responsible ONLY in the case of a potential renovation of the entire building
Hotel can also be purchased free of management:
i.e. without execution of the agreement with the current Hotel operator
Purchase price: 15,000,000 EUR
(+ closing costs)
Possibility of Share Deal:
• acquisition of the shares of the company that owns the property
• in case of Share Deal there is no obligation to pay property transfer tax
Amenities and other defining features:
• modern guest rooms with personal bathroom, hairdryer, satellite TV, air conditioning, desk
• breakfast area
• bar
• multifunctional conference halls
• fitness centre
• on-site car parking
• free Wi-Fi
• 24-hour front desk
• luggage storage, safe
• laundry service
