Germany
A complete renovation of the building is under way: replacement of the windows and roofing, complete renovation of the façade, replacement of the furniture, and installation of a new fire protection system. Completion of the renovation work is scheduled for 2021, opening in 2022.
-A 25 year lease agreement with a known and reliable tenant, a hotel chain, with an option to extend for another 5 years.
-Land: 2 500 sq.m.
-Rental income per year - 540 000 euros
-Number of rooms: 100