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Sale Hotel Best Western Palace Inn Ferrara Italy For Sale

Ferrara, Italy
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
€1M - €5M
Cash Flow:
Available on request

High yield hotel investment opportunity in the heart of Emilia Romagna, city of Ferrara.

Located in Via Eridano 2, within the most productive area of the city and a few minutes away from the historical centre, the Hotel Best Western Palace Inn Ferrara enjoys an excellent location for commercial traffic in the entire province of Ferrara, ideal both for both leisure and business tourism flows.

The Best Western Palace Inn Ferrara Hotel, currently offered for sale with the benefit of a guaranteed business lease contract, consists of 85 rooms, a lobby bar, a breakfast room, a meeting room and a large adjacent car park with direct access. The perimeter offered for sale consists of:

- the hotel property
- the hotel company (furnishings, furniture, contracts, licenses, goodwill)
- different parcels of land surrounding the building with building compatibility.

The investment represents an excellent opportunity to acquire a medium-large sized hotel, with high performance stabilized on the local Ferrara hotel market, and with further upside potential deriving both from the management and rebranding components, and from the presence in the perimeter for sale of some specific land parcels with potential for further development.

Property Information

Real Estate:

Real Property Included

Location:

Ferrara is a prime industrial city in North Italy, located in the middle from Bologna and the Adriatic Coast.

Premises Details:

A large site enclosing a 8-storey hotel building, with additional parcels of land included in the sale perimeter.

Business Operation

Expansion Potential:

The sale perimeter encloses large parcels of land with development.

Competition / Market:

Limited hotel competition in the surroundings.

Reasons for selling:

The hotel property is offered for sale from an international real estate fund on the basis of a value-add strategy. High yield generated from the business lease agreement in place.

Employees:
Limited number
Years established:
2006