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New Four Star Hotel With 433 Rooms
Location: Italy -> Milan
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

A new four star hotel, with 433 rooms in Milan. The four star hotel has 433 rooms including 58 club rooms and 19 suites. Classic rooms (32 sqm), club room (36 sq. m), superior room (36 sq.m), Junior suites (51 sq. m), diplomatic suites (82 sq. m), presidential Suite (100 sq m). Modern and comfortable conference centre: the total area is more than 2000 square meters, the ceiling height up to 6 meters, can accommodate up to 1100 people and to organize any event: private meetings, evening cocktails, receptions, fashion shows. Multifunctional plenary hall with area of 1000 sq.m, which can be divided into 8 parts, all of which are Soundproofed, also 22 meeting rooms that can accommodate from 4 to 200 people. Each room is equipped with Wi-Fi, line HSIA, modern audio and video system and all necessary facilities for organizing events. Fitness center with area of 150 sq.m, a Spa center with the area of 800 sq. m, indoor swimming pool. A snack bar, a restaurant, a bar, a lounge bar, an area of 400 sq.m. Parking for 2400 seats.

Construction costs amounted to 72 000 000 Euro. The hotel was opened in 2013. The occupancy rate in the first year was over 90 %. The cost of the hotel - 55 000 000 Euro. At a certain arrangements may reduce rates of up to 50 000 000 Euro. The documents are ready to deal. Additional information is available upon request.


Financials

Asking Price Range:  > $35.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

Photos

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New Four Star Hotel With 433 Rooms Photo 1 New Four Star Hotel With 433 Rooms Photo 2




Print Listing Id: 700223333


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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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