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Property Portfolio

Hotel

The Hague - Netherlands

The hotel enjoys a unique location in the old city of The Hague, opposite the Noordeinde Palace where Willem-Alexander, King of the Netherlands, has his office.

The historical Noordeinde district is one of the most popular districts and is famous for its fashion boutiques, shopping centres, antique dealers but also tea shops and restaurants. 

This 19th century building used to house one of the oldest banks in The Hague and still exhibits some of its original features, such as the nice vault.
The building's renovation added comfort and modernity to the 63 rooms, while preserving historical features. The total floor area is 2,600 sq.m.

It will be operated by four-star hotel chain INDIGO (IGH Intercontinental Group) with a lease term of 25 years with no break option.

It was acquired for €9.3m with a net initial yield of 6.96% (incl. transfer tax and brokerage fees).

This investment generates a net initial yield* of 6.96% (incl. transfer tax and brokerage fees).
The tenant, the Intercontinental Group, has signed a 25-year lease with no break option.

Tenants Intercontinental Hotels Group

Intercontinental Hotels Group (IHG) is a multinational hotels company headquartered in the UK.
With 12 hotel brands, over 5,000 hotels, and 744,000 rooms, IGH is present in 100 countries.

 

The Indigo hotel chain is famous for its modern designs, personalised services and ability to blend in with its surroundings. The first Indigo Hotel opened in 2004 in front of the Fox Theatre in Midtown Atlanta, the city’s arts and entertainment district. Today the chain is present all over the world in culturally vibrant areas of cities such as New-York, Paris, London, Shanghai, Hong Kong or Singapore.

Type

Hotel

Acquisition price (incl. transfer tax and brokerage fees)

9,30m

Net initial yield*

6,96% (incl. transfer tax and brokerage fees)


Characteristics