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For sale: Beautiful 3 star hotel downtown Milan

Property ID 1091
listing type For sale
property type Hotel
Country Italy
city Milan
price €16,500,000
year built Before 1970
bedroom 76-100
bathroom 76-100
lot size 2000 m²
restaurant Yes
pax restaurant 51-75


property description

The hotel is located at the nicest area of Milan, close to the city center.
The area is one of the 40 coolest neighborhoods of the world; in the street are Art Nouveau styles houses with pubs, restaurants and high-quality shops.
The Cathedral of Milan is 2 km away.
The hotel is perfectly connected to all public transport, Conference center, historical area and bicycle rental.
It has 3 stars: all rooms (83) are luxurious renovated during last 5 years.
28 single/double, 53 double/triple and 2 suites
The hotel is equipped with Spa & Sauna area, Gym Corner with relaxing area and breakfast possibilities.
The occupation rate has been over 90% with an awarding reviews between 8.5 and 10.

Hotel features

♦  Gym
♦  Laundry room
♦  Handicap- accessible
♦  Internet in the rooms
♦  Bar
♦  Wellness facilities
♦  Outdoor dining area
♦  Safe deposit box
♦  Air conditioning
♦  Reception
♦  Soundproof rooms
♦  Minibar rooms
♦  Extra security monitor cameras
♦  City lights view
♦  Security features
♦  Elevator(s)

extra information

42 Rooms are all renovated during the last 10 year on own property off 2000m2. Other 41 rooms have a long-term lease contract and the rooms are almost all renovated during the last 3 years. The annual profit is foreseen for the coming years on 3.5 mm Euro with an ROI of above 6.5%. with limited investments it can increase easily to 20%. The value of the own properties is estimated on 12 mm Euro.
a brochure can be received. If interest a brochure can be received.

Seller information

Name Johan Schrijver
Phone 0031683170266
Type Seller
Office 4661RE, 4a NL

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