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Four Star Hotel
Location: Germany -> Essen
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

The hotel is a ''four star'' in the city of Essen.
The hotel has 206 rooms. The soundproofed rooms are air conditioned and decorated in a contemporary style. Amenities include satellite TV and an elegant desk. There are: a double room with 1 bed, 1 double bed or with 2 single beds; suite. Accommodation with pets. Also Sheraton Essen Hotel guests can use the wellness services and a sauna, steam room and massage services.

The hotel's restaurant serves a variety of the Ruhr region and international cuisine. Guests can also relax in the Am Park's bar or on the terrace. It offers free Wi-Fi, as well as with computers and flat-screen TVs in the lounge. Total area - 12 800 sq.m. There is a possibility of further extension of 15 000 sq.m. Land area - 6868 sq.m. Built-up area - 1940 sq.m. Land area for further development - 2 280 sq.m. There are 260 parking spaces.

Essen - a city in the west of Germany, in North Rhine-Westphalia has a population of about 600 000 inhabitants. Essen was the European Capital of Culture 2010. In Essen is the headquarters of the largest German gas distribution and gas transmission companies E.ON Ruhrgas. Essen is also known for its industrial architecture.

The hotel is located next to the City Park and Philharmonic. Opposite the hotel is the Philharmonie / Saalbau underground station. Trains run to the Grugahalle Exhibition Centre depart every 5 minutes.
at cost - 24,175,000 euros. The commission - 5% of the purchase price + VAT. Perhaps the funding of up to 50% of the cost (1.9% per year). Tenant - the famous hotel chain. The lease term was recently extended until 31 December 2044. The documents are ready to deal. Additional information is available upon request and upon signing NDA potential purchaser.


Financials

Asking Price Range:  $20.0M - $35.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2008
Number of Employees:  50 - 99
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale

Photos

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Four Star Hotel Photo 1




Print Listing Id: 700273332
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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