For sale modernized 3-star hotel with a restaurant in a central location in Frankfurt am Main
The property offers a stable cash flow structure through a long-term lease agreement and an above-average return of approximately 8.5%.
* Property type: Hotel (3 stars)
* Location: Frankfurt am Main – city center
* Number of rooms: 95
* Usable area: approx. 2,345 m²
* Land area: approx. 2,350 m²
* Year built: 1975
* Condition: Comprehensively modernized
* Heating: District heating
* Occupancy rate: Above average
* Annual lease income: €840,000
* Gross yield: approx. 8.5%
The property has been continuously modernized and adapted to current market requirements in recent years.
* All rooms have been renovated
* Partial conversion into apartment-style units
* Integration of a restaurant
* Sustainable positioning in the market segment
These measures enable high occupancy rates and flexible usage concepts.
Agency/brokerage agreement is signed prior to visiting all the properties. Commission depends upon particular country and region.
It is also necessary to submit presentation of your company and official Letter of Intent (LOI) for due diligence procedure.