102 apartments - in the center of Sao Paulo. $26million USD

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102 apartments - in the center of Sao Paulo. $26million USD

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Annual occupancy rate: 92% from January to January.

Rating: 4 stars

Next to 3 metro stations.

Its panoramic view is permanent because it is placed in front of the oldest park in the capital, referred as to have the best air quality in the city of São Paulo.

102 apartments and 2 presidential suites, with plenty of natural lighting in a modern and cozy atmosphere.

All apartments have laminated flooring, dining table, refrigerator, air conditioning, electronic safe, TV with 29 inches.

4 event rooms with capacity for 260 people.

Spa, Lobby bar and restaurant with capacity for 150 people.

Parking for 150 cars.

 

Its regular monthly revenue - US$ 375,000 (calculated with US$ 1 / R$ 4 at the time) - is due to frequent customers (Koreans, Japaneses etc.) that operate commercially in the surroundings. The revenue can be increased with sales from services outsourced now as restaurant, events, parking. The owners are not from hotel business and don´t want to deal with it any longer. If the buyer is able to work directly, the revenues of these businesses can be higher. There is also 30% calculated on the revenues that are paid to a group that administrates the hotel, expense that also could be also eliminated with a direct administration.

So it is possible to increase revenues with additional revenues from the outsourced services (restaurant, events, parking) and the elimination of 30% as administration payment.

 

The value of the hotel is US$ 26,000,000.00 and it can generate an income from 1.4 to 1.7% on monthy basis.

The value includes the building that can be evaluated right now in R$ 67.000.000. Area: 2.537,35m2. Built area: 11.900m2.

The owners are partners in a trading co. and they do not want going on operating a hotel, that is not the core of their business.

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