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Czech Republic – Prague Portfolio The return in 2019 was 10% p.a.! These two 4 star hotels were continuously renovated until 2020 and together offer around 70 rooms (some with air conditioning). The infrastructure includes a restaurant, bars, lobby and much more. 2 hotels in the best city location to buy The objects The two hotels are located in the immediate vicinity in the center of Prague; both just 10 minutes from the National Museum and Convention Center. The famous sights such as Prague Castle, the old town square, the Charles Bridge and the old Jewish quarter are easily and quickly accessible on foot. These two 4 star hotels were continuously renovated until 2020 and together offer around 70 rooms (some with air conditioning). The infrastructure includes a restaurant, bars, lobby and much more.
Your investment The two family-owned hotels are being sold as an asset deal with or without an operator. Both hotels were in full operation with around 16 employees until the Corona shutdown and achieved a high occupancy rate of over 85% on average over the past 3 years. The return in 2019 was 10% p.a.! The town Prague is the capital and, with over 1.3 million, the most populous city in the Czech Republic and one of the richest regions in Europe. Prague is the historical capital of Bohemia and was an important royal and imperial residence city in the Holy Roman Empire. For centuries, Prague was a city where Czech, German and Jewish cultures met. The historical center of Prague is recognized by UNESCO as a World Heritage Site. The “Golden City” today shows a closed cityscape characterized by Gothic and Baroque. Sights such as Prague Castle, Charles Bridge, the medieval clock, the Jewish cemetery or the oldest active synagogue in the world make the city a popular tourist destination. With more than five million foreign tourists a year, Prague is one of the ten most visited cities in Europe. We are ready to provide with more detailed financial data upon signature of soft LOI (without penalties for non-buying) showing the financial credibility and interest of the potential buyer |
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