Service Apartment Hotel Conversion – Düsseldorf, Germany

Office-to-hotel conversion project in central Düsseldorf, transforming an existing building into a serviced apartment hotel with long-term leased income and value-add upside upon completion.

ID 4768 Status for sale Object Type Service Apartment Hotel

Price €12,000,000
Location Düsseldorf, Germany
Investment Type individual
Potential Profit upside

OVERVIEW

This investment opportunity involves the conversion of an existing office building into a serviced apartment hotel located in Düsseldorf Stadtmitte, a prime central area with strong business and tourist demand. The project is positioned near major transit hubs and benefits from excellent urban connectivity.

Upon completion, the asset will operate under a long-term lease structure with a reputable operator, providing predictable income and institutional-grade stability.

FINANCIAL OVERVIEW
Land + Existing Building: €12 million
+ Construction/Conversion: ~ €10 million

Total Cost: €22 million

KEY FACTS

Location: Düsseldorf – Stadtmitte, Germany

Property Type: Office-to-hotel conversion

Rooms: 112 rooms / 224 beds

Gross Floor Area: 4,536.41 m²

Rentable Area: approx. 3,458 m²

Total Investment: approx. €22 million

Market Value on Completion: €29–30 million

INCOME & LEASE

Annual Rental Income: €1,477,000

Lease Term: 15 years fixed + 2 × 5-year extensions

Operator: Established hotel operator

ROI / RETURN PROFILE

Return Type: Value-add + long-term income

Strategy: Conversion uplift + contracted lease income

ROI: Driven by value uplift and stabilized rental cashflow (not fixed %)