The Billionaire Network is excited to offer this Prestigious 5 Star Hotel with a Long-Term Management Contract in the Golden Triangle of Central Paris which offers 101 keys: 36 suites ranging from 52 to 275 sq. m. with views of the Eiffel Tower and 65 luxury rooms.
LOCATION: Avenue d’Léna, Paris, in the prestigious 16th Arrondissement, and in the Golden Triangle.
PRICE: $556 Million OIRO
DESCRIPTION
Ideal Buyer: Buyer seeking 100% of an iconic hotel in including the management in a prestigious area of Paris.
Category 5*
Keys 101 keys: 36 suites ranging from 52 to 275 sq. m. with views of the Eiffel Tower. 65 luxury rooms.
Tenure Freehold. Purchaser will receive 100% of the company shares. Management Contract managed by hotel’s management and under a long-term contract, which is not negotiable.
Project History
The hotel has recently been renovated, which added an extra 3,000 sq. m. of space for 10 rooms, 10 suites and office and services area. The hotel now boasts a net area of 21,211 sq. m.
Occupancy Rate 79.3%. This is a 20-year record for the 5* hotels in Paris.
TREVPAR
€461,851. 4.2% growth year on year since 2014.
Price per key $4.95M
Next Steps
A formal NDA must be signed before any further details are released.
As the financial performance will not support the asking price, it has been requested that a principle agreement is made, which can then be confirmed after the release of further information.
Please not there is a requirement for NDA and then possibility of a LOI and POF to been given upfront before moving forward and this is required by someone who does not have a mandate to sell these properties. Please see here for our advice on this.
Additional Info
Hotel includes 3 restaurants, two with Michelin stars, a bar, 3 lounges, a fitness centre with a 16m swimming pool and a beauty centre.
The hotel has been listen in the Classified Historical Monuments of France.
For more information please contact us ASAP
