An operating 270-bed hotel with 100 rooms, its own restaurant and a garage with 30 parking spaces is for sale in the city center of 1081 Budapest (8th district, Józsefváros). The hotel is currently in operation and offers a stable economic environment as well as attractive development potential.Location & District Overview – 8th District / JózsefvárosThe 8th District is located on the Pest side of Budapest and is traditionally known as Józsefváros. It is one of the city’s most diverse and rapidly developing districts, rich in cultural and historical heritage.Key characteristics of the district:•
Economically and culturally vibrant area•
Strongly revitalized zones such as the Corvin Promenade, featuring modern office buildings, shopping centers and new residential developments•
The historic Palace District, home to several palaces and museums, including the Hungarian National Museum•
Significant urban development and investment since the 2010sDistrict Facts:Postal codes: 1081–1089Population: approx. 71,033 residentsPopulation density: approx. 11,213 people/km²Total area: 6.5 km²Established: 1873The district’s central location, strong tourism presence, excellent transport links and historic surroundings make Józsefváros highly attractive to investors.Sales ProcessThe property is offered by ImmoTrading GmbH on behalf of a Hungarian real estate partner.Upon submission of a Letter of Intent (LOI), direct contact with the Hungarian partner will be arranged.A proof of funds is required prior to any viewing.Further support will be provided jointly by the local partner and ImmoTrading GmbH.Transaction StructureThe owner prefers a Share Deal, meaning the sale of the hotel-operating Kft (Ltd.) together with the hotel property.A purchase through an Asset Deal is also possible – in this case, the sale price is subject to 27% VAT.Sales PriceEUR 7,500,000plus 4% commission, legal fees and state taxes.For further information or to arrange a viewing appointment, we are always at your disposal. We look forward to your inquiry.