The Stavrovski group ::: Property Development & Management

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Klamovka Executive Residence

Information for hotel operators: Klamovka Proposal.pdf (538 kb)

Close to the centre of Prague, there is a 1200m2 parcel of land located in a high traffic area that is well suited for the proposed hotel project. With the land being just 50m from a bus stop and 100m from the tram stop, this land provides easy access to the city centre of Prague. Currently there is a building permit for an office building that is being modified to allow for the construction of this 110 room hotel over seven floors, including a restaurant, a two story parking structure with commercial space available for leasing. All final building permits will be issued by January 1st, 2009.

Financial Proforma

Cost of land	3 000 000 EUR
Cost of construction and Equipment	5 000 000 EUR
Selling Price of 110 rooms for 100,000 Euros	11 000 000 EUR
Net Profit after 3-3.5 years	3 000 000 EUR
Own funds	3 000 000 EUR
Total return on initial investment	1,00
Annualized Rate of Return	30%