47-Key, Four-Star Hotel, Well Located Milan, Italy With Scope to Add 12 More Rooms
Location: Two km from the Duomo and La Scala, Zone One, Milan, Italy
Name: TBA
Guide Price: €17m …€2m budget for the extra 12 rooms (planning consent granted)
Guide Price per Key: €322k to allow for 59 rooms
No. of Keys: 47 currently
The Opportunity:
A rare opportunity to acquire a splendid 4 Star Hotel in the center of this cosmopolitan City. The hotel is furnished in an “antique style” having an abundance of character and charm though there is the possibility to upgrade the status of this asset having the additional option of increasing the number of rooms.
The are also numerous amenities such as lounge, bar, garden and parking via a local garage nearby. We believe the hotel has a regular and loyal clientele.
The owners say: Elegant and refined environments, a delightful garden, two meeting rooms and a garage with special rates as well as all the services of a modern 4-star hotel, make the Hotel one of the most popular hotels in the center of Milan. All the rooms are furnished with warm tones, enveloping fabrics, design accessories and equipped with every comfort to feel at home, even when traveling. A classic style in a modern key, in the center of Milan, designed for demanding customers who are attentive to comfort but also practical and dynamic who do not want to give up the convenience of being in the real center of Milan. All the bedrooms are furnished with parquet floors. SG
Flag & Management: Free to new owner
Current Owner: Private family for the past 30 years
Main Photo: The stylish lobby area of the hotel
Financials: 2019/20/21 financials with EOI
Tenure: Freehold
Agent: Retained local agent in partnership with THPT
Date Posted: October 2022
THPT Comment: The location is fab…the hotel has interior style…would benefit from a refurb as part of the addition of 12 more bedrooms. Exterior is very “surburban street” This is a “Rare” opportunity to acquire in Milan
Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each week we mail the opportunities posted in that period, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all.
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email [email protected]
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.
