Hotel exploitation in city center
Horeca, toerisme & recreatie
Hotel exploitation in a AAA location in Amsterdam city center. One of the most known hotels in it's own segment with more than 95% occupancy rate and excellent ADR for the last three years. The hotel location is a exploitation to assure very high occupancy rate once the travel industry will bounce back after COVID-19. The hotel is also a preferred property by Booking.com which is the biggest online platform for booking overnight stays worldwide.
Expansion - Hotel has valid licenses in place to double the number of rooms. Current turnover (omzet) of €800.000 will go up to at least €1.300.000 based on (less than) average ADR and based on 95% occupancy rate as achieved in the last few years. EBITDA after expansion is > €500.000.
Lease agreement for the hotel premises is under the market value.
Contact us for further details. NDA may apply.
Reason for sale
The current entrepreneur wants to finance further growth of the company by selling part of the shares or all the shares.