Hotel project with land for sale in Würzburg

The location

Würzburg is a city with around 130,000 inhabitants in the German state of Bavaria. It is known for its Baroque and Rococo style buildings, particularly the 18th-century Würzburg Residence. With its numerous wine bars, wine cellars and wineries as well as the characteristic Bockstüte, Würzburg is the heart of the Franconian wine region. Würzburg is one of the most successful business locations in Germany.
In the 2019 Atlas of the Future, the city of Würzburg was ranked 24th out of 401 districts and cities in Germany, making it one of the places with very good prospects for the future. In 2016, Würzburg (within the city limits) had a gross domestic product (GDP) of EUR 7.452 billion, ranking 50th among German cities by economic output. GDP per capita was EUR 59,404 in the same year, well above the national average.
For further information please visit: <link www.wuerzburg.de/tourismus/index.html - - "Opens external link in new window">www.wuerzburg.de</link>

The project

The property is ideally located on the outskirts in the Rottenbauer residential and commercial area with perfect connections to the A3 Nuremberg-Frankfurt motorway (i.e. ideal for all business travelers).
A project for a 3-star hotel for business travelers, conferences and seminars and tourists was developed on a plot of around 1,858 sqm, which is ideally located as a corner plot in terms of visibility. The budget hotel could have a maximum of 80 guest rooms. For reasons of profitability, a very simple infrastructure would be recommended, including 24/7 self check-in and drink/food vending machines.

Your investment

The purchase price for the land is only EUR 730,000 and includes the development and planning. It is up to the buyer to decide in which category, size and equipment the hotel should be built. A local construction company has made a rough calculation, which is around EUR 6.5 million for a budget hotel with 80 rooms; including land, architect and engineering services, exclusive furnishings (FF&E).
We are looking for a professional hotel operator, a buyer for their own operation or an investor who can lease the turnkey operation to a professional hotel operator.