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Deluxe Hotel Development In Paris For Sale

Paris 8eme Arrondissement, Paris
Asking Price:
€85,000,000
Turnover:
Not applicable
Net Profit:
Not applicable

Deluxe hotel development in Paris - 5000m2-Existing Building (built in 1890, Hausman designed),

Next to Avenue des Champs Elysees and Avenue George V, 400 meters from Place de l'Etoile in Paris, between Four Seasons Hotel and Marriott Champs Elysees

With Building is sold with permits to be converted /Renovate into 90 rooms( keys) Hotel or a mix Hotel & Residence apartments + Restaurant, Parking at Champs Elysee.

Asking Price as is +/- €.85 mio or fully renovated circa+/- €.120/125 mio.to highest Standards
Owners are requiring LOI, POF and Buyer bio in order to enter negotiations.
Intermediary commission +/- €.425K (0.5%)

NCNDA needed for information,
owner requires LOI, POF and buyer Bio, before submitting a Full detailed file

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Real Property Included

Location:

Very Best location 5 minutes walk from Place de L Etoile and the Champs Elysee

Premises Details:

90 keys which can be turned into any arrangement Rooms/Suites/Apartments, Plus Lobby Lounge Bar light meals service, Restaurant, Business center

Size in square feet:
50,000

Business Operation

Competition / Market:

Can be renovated with 8 months

Years established:
1890

Contact Seller

Contact Information

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