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  King Charles Boutique Residence

€ 4,200,000
6 .0% Guaranteed Income
Sale Leaseback
10 year contract


A hidden gem investment opportunity located in one of the world’s most undervalued tourism markets is now available for purchase and leaseback under a 10 year contract. Along the Vlatava River that runs through Prague, there is a castle high up on the bluffs that overlooks the city. Vysehrad Castle dates back to the 11th Century and is one of the most historic sites in Prague. Just below its ancient walls lies a unique hotel, newly created from a renovated century old building, it has been crafted as a boutique hotel to offer a high level of service, comfort and luxury to its guests. An experienced management team has been will run the property under a 10 year contract. Prague is one of the hottest real estate markets in Europe and the income and capital appreciation from this investment will offer any investor a superior return on capital.

Each room is decorated with hardwood flooring, antique reproductions made from tropical exotic woods. While an opulent, old world feel fills each room, there is also the most up to date technology with 42” LG Plasma televisions mounted to the wall, connected to an on demand video library. From the rooms, your guests will be able to surf the internet with a high speed broadband connection so they may keep in touch with family, friends or important business functions.

After spending their days walking the streets of Prague, or in business negotiations, guests will be able to return and enjoy a soak in their own Jacuzzi tub. Each bathroom has been outfitted with exotic marble and high quality brass fixtures to add to the opulence and luxury of the hotel.

Prague, the Capital of the Czech Republic is viewed by many to be one of Europe’s most beautiful cities. Each year it attracts millions of tourists who flock to see its baroque architecture and experience the culture and Bohemian hospitality the city is famous for.


PROJECTED   REVENUE

 

2006-07,€

2007-08,€

2008-09,€

2009-10,€

2010-11,€

Projected Revenue

579,807

685,350

719,617

755,598

793,378

Operating Expenses

150,000

165,000

179,850

194,238

207,834

EBITDA

429,807

520,350

539,767

561,360

585,544

Revenue per Room

13,431

16,207

19,685

20,000

20,114


Contact information:
Ilia Stavrovski
Tel./fax (+420) 224 815 482
Fax (+420) 224 815 485
GSM: +420 777 220537
Email: ilia@stavrovski.com

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