Brazilian Hotel for sale in the heart of São Paulo.
Annual occupancy rate: 92% from January to January.
-Next to 3 metro stations.
-Panoramic view is permanent, in front of the oldest park in the capital. Best air quality in the city of São Paulo.
-102 apartments and 2 presidential suites, with plenty of natural lighting in a modern and cozy atmosphere.
-All apartments have laminated flooring, dining table, refrigerator, air conditioning, electronic safe, TV with 29 inches.
-4 event rooms with capacity for 260 people.
-Spa, Lobby bar and restaurant with capacity for 150 people.
-Parking for 150 cars
The value of the hotel is US$ 26,000,000.00 and it can generate an income from 1.4 to 1.7% on a monthy basis. This value includes the building,evaluated right now at R$ 67.000.000. Land Area: 2.537,35m2. Built area: 11.900m2.
Regular monthly revenue – US$ 375,000 (calculated with US$ 1 / R$ 4 at the time) – is due to frequent guests (especially Koreans and Japanese ) that operate commercially in the surroundings. The revenue can be increased with sales from services outsourced now ie restaurant, events, parking. The owners are not from the hotel business and don´t want to deal with it any longer. If the buyer is able to work directly, the revenues of these business’s can be higher. There is also 30% calculated on the revenues that are paid to a group that administrates the hotel, expense’s that also could be also eliminated with direct administration.
So it is possible to increase revenues from the outsourced services (restaurant, events, parking) and the elimination of 30% as administration payment.
The owners are partners in a trading co. and they no longer wish to operate a hotel,that is not the core of their business.