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Sale of a valid 3 star hotel in Prague – 4

Hotel

Sale by owner.

Sold

Price: 1 990 000 €
Region:
Country: Czech republic

Note: Due to the fact that the hotel for sale is a large OPERATING hotel enterprise, the sale process provides for confidentiality and gradual disclosure of information to potential buyers.

Only general and approximate characteristics of the hotel for sale are published in this offer.

More detailed information about the hotel, its inspection and negotiations with the owners can be carried out only after we receive an official preliminary application from a potential buyer for disclosure of information and the subsequent signing of a memorandum of confidentiality.

General characteristics of the hotel

The 3 star hotel for sale is located in a quiet area of Prague 4, three bus stops from the metro station.

The three-storey building of the hotel was built at the beginning of the 20th century, and the project of complete reconstruction of the house with the reconstruction of the 3 ** hotel was implemented in 1997.

The hotel, which is in excellent well-maintained condition, has its own romantic style.

The interiors of the hotel are created in a classic European, closer to English, style of the late 19th and early 20th century. The decoration uses dark wood elements that harmonize with individually made solid furniture both in the common areas of the hotel and in its private rooms.

The hotel is a member of the Association of Hotels and Restaurants of the Czech Republic and with the assignment of the official category of 3 stars, which is an indicator of a high standard of services.

It is currently a non-smoking hotel.

The building of the hotel is brick, of solid construction, which does not depreciate over time.

The total area of the hotel is about 700 m2.

Three above-ground floors and a basement in which the restaurant is located.

Heating – gas – on each floor there is a separate boiler.

Rooms Fund

In total, there are about 20 rooms, each with an individual layout, and about 40 beds.

Each room contains:

  • Satellite tv
  • Wi-Fi Internet connection
  • Phone
  • Mini-bar
  • Alarm clock
  • Safe
  • Carpets
  • Desk and chair
  • Shower cubicle
  • Toilet

Restaurant

Currently, the stylish and cozy restaurant is primarily used for breakfast by hotel guests in the form of a buffet or in the form of a ́la carte.

The restaurant can also be used for private events such as seminars, corporate events or wine tastings.

In addition, the restaurant works as a wine cellar with a wide range of quality archival wines, as well as a small café with snacks.

Occupancy and economy of the hotel

The hotel is focused primarily on regular corporate clients, with whom valid permanent contracts have been signed.
The occupancy rate of the hotel is stable at a level above the average, in comparison with the Prague hotels of this category.

The hotel enjoys a stable position and an excellent reputation, both among guests and in the Prague hotel market.
There are no debts. Stable monthly income, which provides a reliable return on investment.

Due to the fact that the hotel building has a solid and capital construction, real estate is not subject to cost reduction, but on the contrary, has an annual upward trend.

Format of the transaction

Sale of immovable and movable property

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