2 hotels in the best city location to buy

The city

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.

The objects

The two hotels are located in the immediate vicinity in the center of Prague; both only about 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 about70 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 purchase price of EUR 12.8 million was reduced to EUR 9.900.000,- due to the ongoing COVID-19 Situation.