SENSITIVE AND CONFIDENTIAL FILE

A unique opportunity to acquire High Quality 4 Star Marriott Flagged Hotel - Dusseldorf
Located in the historic harbor of Düsseldorf. 5 minutes walk from the Düsseldorf central promenade. Good transport accessibility. Beautiful views of the harbor and the city center from the hotel. The main customer flows come from business and conference tourism.
Building: Constructed in 2001. 9 floors. The building is constructed of reinforced concrete structure, with elevations being a combination of painted render, metal paneling and extensive glazing. The facade was renovated in 2008 and 2009
Located in the historic harbor of Düsseldorf. 5 minutes walk from the Düsseldorf central promenade. Good transport accessibility. Beautiful views of the harbor and the city center from the hotel. The main customer flows come from business and conference tourism.
Building: Constructed in 2001. 9 floors. The building is constructed of reinforced concrete structure, with elevations being a combination of painted render, metal paneling and extensive glazing. The facade was renovated in 2008 and 2009
Description

A total of 139 Keys in 4 categories :
* 53 Deluxe Rooms : 26 sqm
* 80 Harbour View Rooms : 26 sqm
* 6 Studios : 54 sqm
* 2 Disability : included in the Harbour View
- Restaurant and F&B
* The hotel features a combined restaurant with open kitchen and bar, Julian's restaurant & Bar. Views onto the river Rhine
* 86 seats - for restaurant and bar in total
* 30 seats - Terrace
* 15 seats - The hotel holds a license to operate an area on the river from the city of Dusseldorf
- Conference and Meetings
* 364 sqm of Meeting facilities whic can accommodate more than 180 people
* 3 meeting rooms
* 1 boardroom (27sqm located on 1st floor)
- Leisure facilities (9th Floor)
* Gym
* Solarium
* Sauna and relaxation room
* Rooftop Terrace
- Parking
* 25 parking spaces of which are 2 exclusive to disabled guests.
In addition, there is a public parking area opposite the hotel on Speditionstrasse
Key Figures
INVESTORS ARE INVITED FOR THE BIDDING PROCCESS TO OFFER :
The advantage of this deal is that everything is possible. The owner of the hotel is the actual operator. The perfect deal for the owner would be to sell the asset (ideally share deal) for 50.000.000 euros and they sign a new management contract with a new owner.
For example 15 or 20 years, however if your client prefers a lease agreement or even a hybrid agreement (fix rent. + % of the turnover) everything is discussable. The owner is a franchisee of Marriott.
- The price for 100% of the asset
- Based on share deal as a priority
- Under a management agreement with existing operator
The advantage of this deal is that everything is possible. The owner of the hotel is the actual operator. The perfect deal for the owner would be to sell the asset (ideally share deal) for 50.000.000 euros and they sign a new management contract with a new owner.
For example 15 or 20 years, however if your client prefers a lease agreement or even a hybrid agreement (fix rent. + % of the turnover) everything is discussable. The owner is a franchisee of Marriott.
- They are selling the asset based on a 5% yield.
- This Yield is calculated as follow: Average EBITDA of the last 3 years (2019+2018+2017)
- EBITDA : EUR 2.5 million in 2017, 2.1 million in 2018, 2,6 million forecast for 2019 after deduction of franchise fee
- 139 rooms
- 9 Floors
- Occupancy: 79% / 78%/80% ( Main operational indicators (2017/ 2018/2019 forecast )
- ADR: EUR 127 / EUR 119/ EUR 129 ( Main operational indicators (2017/ 2018/2019 forecast )
- RevPar: EUR 100/ EUR 93/ EUR 103 ( Main operational indicators (2017/ 2018/2019 forecast )
- Opened in 2001, fully renovated in 2016
- Freehold property
- 4**** hotel : Modernized chain hotel. Booking.com Rating: 8.4
- Brand : Courtyard by Marriott
- Management agreement with the current Operator. The Operator is a private German company operating hotels across Europe (Germany, the Netherlands, and Slovenia)
Location
The Hotel is located in the city’s old harbor district with the walking proximity to the Dusseldorf downtown and famous Dusseldorf TV Tower.
Trendy and innovative district attractive to media, art and advertisement companies. The Medienhafen is recognized as an “architectural mile” and innovative office location which is home to more than 800 companies with around 8,600 employees out of which 76% have their headquarters in the Medienhafen. Medienhafen area offers many restaurants and bars stretching along the shore of the river Rhine, attracting tourist and locals alike to enjoy this unique architectural setting; Major hotel competitors are Radisson Blue, Apartment Medienhafen, Holiday Inn. Hyatt and Melia are also located in the close proximity
- Address: Courtyard by Marriott Dusseldorf Hafen, Speditionstrasse 11, Dusseldorf
- The property occupies a site on Speditionstrasse, which is the harbour’s main road
- Walking distance to the TV Tower and main Rheine embankment of the city – 5-7 minutes
- Dusseldorf downtown is situated c. 3 km, while the Trade Fair is 9.0 km away from the Hotel;
- The closest means of public transportation is tram and bus (tram line 719, bus line 722) with the station situated 250 m from the Hotel. Good accessibility by car and not far from highways A46 and A52.
- The main train station is located 4.6 km , Dusseldorf Airport is 11.0km away from the Hotel;
Trendy and innovative district attractive to media, art and advertisement companies. The Medienhafen is recognized as an “architectural mile” and innovative office location which is home to more than 800 companies with around 8,600 employees out of which 76% have their headquarters in the Medienhafen. Medienhafen area offers many restaurants and bars stretching along the shore of the river Rhine, attracting tourist and locals alike to enjoy this unique architectural setting; Major hotel competitors are Radisson Blue, Apartment Medienhafen, Holiday Inn. Hyatt and Melia are also located in the close proximity