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A Luxurious Boutique Hotel
Location: Italy -> Florence
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

A luxurious boutique hotel in the center of Florence.

The total area of ​​the building is 2 600 sq.m. In the hotel: 2 suites, 7 rooms and 8 suites, all decorated with frescoes. The commercial space leased is 200 and 50 sq.m., there is a basement with an area of ​​500 sq.m. All engineering systems (heating, water supply, sewerage) have been updated in the last three years. Previously, the palace belonged to a wealthy Florentine family. It is famous for the well-preserved frescoes of the 16th-18th centuries. At one time in this building, the famous artist Raphael stayed. There is an approved project for the creation of an additional 15 apartments and 4 apartments, plus a restaurant, an area of ​​400 square meters, a SPA and a wellness center on an underground floor with an area of ​​1,000 sq.m. These rooms and other additional services will increase the price per room and, given the historical significance of the building, the hotel is an ideal investment.

The hotel is a few steps from Duomo and an 8-minute walk from Florence Central Station.
The cost of the hotel is 18 000 000 euros. The hotel has a high rating on various hotel booking sites, and is nominated as the best boutique hotel in Florence in some foreign magazines. The documents are ready for the deal. Additional information is available upon request.


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:  1977
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 700311632
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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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