{"id":32638,"date":"2026-10-23T07:07:15","date_gmt":"2026-10-23T07:07:15","guid":{"rendered":"https:\/\/eliteluxuryrealestate.net\/?page_id=32638"},"modified":"2026-10-23T11:16:32","modified_gmt":"2026-10-23T11:16:32","slug":"milan-hotel-for-sale","status":"publish","type":"page","link":"https:\/\/eliteluxuryrealestate.net\/en\/milan-hotel-for-sale\/","title":{"rendered":"Milan Hotel for Sale \u2014 Property of an Upscale Hotel"},"content":{"rendered":"\t\t
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HOSPITALITY & GASTRONOMIC ASSETS \u00b7 ITALY<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan Hotel for Sale<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tReal-estate property of an upscale hotel of about 300 rooms and suites, managed by a leading international group: a confidential opportunity for qualified investors.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tRequest the confidential dossier<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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INTRODUCING<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: the property of an upscale hotel with international management<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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This Milan hotel for sale is the real-estate property of an upscale hotel, recently built, in a city that is a reference for business, events and international hospitality. It has about 300 rooms and suites, conference facilities, dining, wellness, a pool and private parking, and is run by an operator tied to a leading hotel group under a twenty-year contract.<\/p>

The asking price for the property is 85 million euros and the indicated annual rent is 5 million. The hotel’s identity is not public: it is shared, together with the documents, through a confidential process for qualified investors. On this page we report the teaser’s data and separate it from ELRE’s own calculations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tSee the data in a table<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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IN NUMBERS<\/h6>\t\t\t\t<\/div>\n\t\t
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~300<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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rooms and suites<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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< 10<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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years old<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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20<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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years of contract term<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\u20ac85 mln<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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asking price<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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indicated annual rent<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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AT A GLANCE<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan Hotel for Sale: at a glance, to decide<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Question<\/th>Answer<\/th><\/tr><\/thead>
What is being bought<\/strong><\/td>The hotel’s real-estate property, not the hotel business<\/td><\/tr>
Price and rent indicated<\/strong><\/td>85 million euros; annual rent 5 million (gross ratio about 5.9%, not the net yield)<\/td><\/tr>
State of the asset<\/strong><\/td>Upscale hotel less than ten years old, with management tied to a leading group and a twenty-year contract<\/td><\/tr>
Documents available<\/strong><\/td>Teaser; identity and documentation after company profile, preliminary check and NDA<\/td><\/tr>
What we do not yet know<\/strong><\/td>Remaining years of the contract, guarantees on the rent, indexation, areas, deal structure, taxes<\/td><\/tr>
How to get it<\/strong><\/td>Expression of interest to Luca Lodi<\/td><\/tr><\/tbody><\/table><\/div>

Summary of the teaser data: details, sources and ELRE calculations are in the table further down.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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THE CITY<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: why Milan for a hotel investment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The teaser describes Milan with four words \u2014 fashion, design, business, major football \u2014 and presents it as an international address for business, events and hospitality. It mentions San Siro among its symbols but does not give the distance from the property: for this reason we cannot say where the Milan hotel for sale stands, and we do not guess.<\/p>

A hotel in a city of business and events has a different clientele from a resort: conferences, business travellers, event visitors. This is a general ELRE reading, not a figure from the teaser: the document contains no occupancy, rates or revenues of the hotel.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Milan, representative image: it does not identify the location of the property. Photo: Leonhard Lenz, CC0, via Wikimedia Commons.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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THE ASSET<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: about 300 rooms, less than ten years old<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The asset is an upscale hotel with about 300 rooms and suites, recently built: less than ten years old. Among its services the teaser lists conferences, dining, wellness, a pool and private parking: a hotel of international size, with spaces for events and for business guests.<\/p>

The teaser gives no areas, number of floors or cadastral data. These are items we expect in the confidential documentation, together with the room plans and the state of maintenance: a young building lowers the risk of major works in the short term but does not remove it, and it is a point to verify in due diligence.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\t\t\t\t\t\"Milan:\t\t\t\t\t\t\t\t\t\t\t
Milan, representative image: it does not identify the location of the property.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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THE MANAGEMENT<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: management by a leading group under a twenty-year contract<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The teaser indicates management tied to a leading hotel group and a twenty-year contract. Whoever buys the property of a hotel with this arrangement collects the rent from whoever runs it: the value of the investment depends on the strength of the contract and of the operator before the day-to-day performance of the hotel.<\/p>

The teaser does not say how many years of the contract remain, what guarantees accompany the rent, whether a periodic adjustment is provided or who bears the extraordinary maintenance. These are the first questions to ask in writing: the answers decide what a rent of 5 million is really worth.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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IMAGES<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan: representative images<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Representative photographs of the city: they do not identify the location of the property.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tRequest the confidential dossier<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\"Milan:<\/figure><\/a><\/div>
\"Milan:<\/figure><\/a><\/div>
\"Milan:<\/figure><\/a><\/div>
\"Milan:<\/figure><\/a><\/div>\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t
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THE NUMBERS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: 85 million price and 5 million rent<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The asking price for the real-estate property is 85 million euros. The indicated annual rent is 5 million, with a gross rent-to-price ratio of about 5.9%, before costs and taxes. The teaser adds that a possible variable component exists, to be examined in the contract documentation, and specifies that the gross ratio is not the net return on the investment.<\/p>

From these data ELRE derives two proportions, which are calculations and not teaser figures: 85 million over about 300 rooms is about 283,000 euros per room; 5 million over about 300 rooms is about 16,700 euros of annual rent per room. They are gross averages over an approximate number of rooms: they place the order of magnitude, they do not value the hotel.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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THE DATA<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: the teaser's data in one table<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Item<\/th>Figure<\/th>Source<\/th><\/tr><\/thead>
Type<\/strong><\/td>Real-estate property of an upscale hotel<\/td>Teaser<\/td><\/tr>
Location<\/strong><\/td>Milan; address confidential<\/td>Teaser<\/td><\/tr>
Rooms<\/strong><\/td>About 300 rooms and suites<\/td>Teaser<\/td><\/tr>
Age of the building<\/strong><\/td>Less than ten years<\/td>Teaser<\/td><\/tr>
Services<\/strong><\/td>Conferences, dining, wellness, pool, private parking<\/td>Teaser<\/td><\/tr>
Management<\/strong><\/td>Tied to a leading hotel group; twenty-year contract<\/td>Teaser<\/td><\/tr>
Asking price<\/strong><\/td>85 million euros (real-estate property)<\/td>Proposing party<\/td><\/tr>
Indicated annual rent<\/strong><\/td>5 million euros<\/td>Proposing party<\/td><\/tr>
Gross rent-to-price ratio<\/strong><\/td>About 5.9%, before costs and taxes (not the net return)<\/td>Teaser<\/td><\/tr>
Variable component<\/strong><\/td>Possible; to be examined in the contract<\/td>Teaser<\/td><\/tr>
Price per room<\/strong><\/td>About 283,000 euros (85 million over about 300 rooms)<\/td>ELRE calculation<\/td><\/tr>
Rent per room<\/strong><\/td>About 16,700 euros a year (5 million over about 300 rooms)<\/td>ELRE calculation<\/td><\/tr><\/tbody><\/table><\/div>

The economic values are supplied by the proposing party and subject to documentary verification. ELRE’s calculations are marked as such.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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ACCESS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: the confidential process in three steps<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The teaser describes three steps. First: the buyer’s company profile, that is the presentation of whoever is proposing. Second: a preliminary check, with which the owner assesses the buyer’s financial capacity. Third: the confidentiality agreement, the NDA drawn up by the owner. Only after these steps are the hotel’s identity and the documentation shared.<\/p>

Luca Lodi, Senior Global Investment Advisor at Elite Luxury Real Estate, is the contact named in the teaser for information and expressions of interest. Identity and documents are not on this page: they are in the process defined by the owner.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Milan, representative image: it does not identify the location of the property. Photo: Terragio67, CC BY-SA 4.0, via Wikimedia Commons.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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THE ELRE READING<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: what to look at before assessing the investment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The property of a hotel with an operator is assessed as an income-producing building, not as a hotel. Before going further we would ask for six things in writing: the remaining years of the contract and the renewal terms; the guarantees on the rent, such as bank guarantees or parent-company guarantees, and who answers in case of default; the rent adjustment mechanism and the variable component; who bears the extraordinary maintenance and the reserve for furnishings and systems; the area and the planning and cadastral situation; the structure of the deal, purchase of the building or of a company, with the related taxes.<\/p>

None of these points is in the teaser, which is normal in a first presentation. That is why we do not turn the 5.9% into a yield: it is a gross ratio, before costs and taxes, which becomes a yield only after the contract has been read.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Milan, representative image: it does not identify the location of the property. Photo: Zairon, CC BY-SA 4.0, via Wikimedia Commons.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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WHO IT IS FOR<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: which investor it is aimed at<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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A Milan hotel for sale with this arrangement, ownership of the building and management entrusted to an operator, is aimed at those who seek an income investment and do not want to run a hotel: funds, family offices, real-estate investors and private investors with a suitable structure. This is an ELRE reading; the teaser speaks of qualified investors and makes access conditional on presenting the company profile, the check of financial capacity and signing the NDA.<\/p>

With a price of 85 million euros, financial capacity is the first filter: the owner assesses it before sharing the hotel’s identity. Whoever applies for the Milan hotel for sale would do well to prepare the buyer’s profile in advance \u2014 corporate structure, experience in hotel or real-estate investments, financing arrangements \u2014 because it is the first document in the process. This is our own methodological suggestion, not a list from the owner.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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THE TERMS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: rent, gross ratio, NDA and due diligence, the terms to know<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Rent: it is the sum the operator pays the owner each year to use the hotel; in the teaser it is 5 million euros. Gross rent-to-price ratio: it is the rent divided by the price \u2014 5 over 85, about 5.9% \u2014 before costs and taxes; it is not a yield. Net yield: it is what remains to the owner after taxes, ownership costs and financial charges; it depends on the contract and on the structure of the deal, and for this reason it does not appear in the teaser.<\/p>

NDA: it is the confidentiality agreement by which the investor undertakes not to disclose the information received; for the Milan hotel for sale it is drawn up by the owner. Due diligence: it is the technical, legal, tax and contractual check the buyer carries out before deciding; the teaser’s data are indications to be verified at this stage, not figures already established.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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POINTS OF ATTENTION<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: the points of attention of an income-producing hotel<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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An income-producing hotel with a long contract has three main risks, common to every deal of this kind and not specific to this one. Operator risk: if the company running the hotel does not pay the rent, the owner must be able to count on guarantees. Contract risk: at expiry, or in case of withdrawal, the hotel returns to the owner, who must find a new operator. Property risk: the works that fall to the owner, from extraordinary maintenance to regulatory upgrades, affect the net income.<\/p>

That is why the teaser, which by its nature does not go into these points, is a first step and not an assessment: reading the Milan hotel for sale as an income-producing property requires the contract, the guarantees and the technical survey. None of these documents is on this page and we would ask for them in writing before any further step.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Milan, representative image: it does not identify the location of the property. Photo: Sciking, CC BY-SA 4.0, via Wikimedia Commons.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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HOW TO PROCEED<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Milan hotel for sale: how to express interest, step by step<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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To express interest in the Milan hotel for sale you write to Luca Lodi using the button on this page or the Contact page, stating who you are and what kind of investor you represent. The buyer’s company profile is the first step of the process described in the teaser; the preliminary check of financial capacity is carried out by the owner and the NDA is the one the owner draws up.<\/p>

After the NDA the investor receives the hotel’s identity and the documentation, and can begin the technical, legal and tax checks. The timing of each step is not stated in the teaser and depends on the owner. Anyone assessing several deals can say so from the first message: it helps to understand which documents are needed to decide whether to continue with the Milan hotel for sale.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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THE METHOD<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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How we present the milan hotel for sale: documents and declared data<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Every figure on this page comes from the asset’s teaser, supplied by the proposing party: they are indications to be verified in due diligence and we report them as such, with attribution. Where a figure is our own calculation we say so, and we separate what the document says from what is an ELRE reading.<\/p>

For the same reason we publish no net yields, hotel revenues or occupancy that are not in the document: a figure without a source is not information but a promise. The asset’s identity and the full documentation remain in the owner’s confidential process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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FAQ<\/h6>\t\t\t\t<\/div>\n\t\t\t\t
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Frequently asked questions: milan hotel for sale<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the Milan hotel for sale?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

It is the real-estate property of an upscale hotel in Milan, recently built (less than ten years old), with about 300 rooms and suites, conferences, dining, wellness, a pool and private parking, run by an operator tied to a leading group under a twenty-year contract.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhere is the hotel?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

In Milan. The address is not public: the hotel’s identity and the documentation are available through a process dedicated to qualified investors.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow many rooms does it have?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

About 300, between rooms and suites. The teaser gives neither the exact number nor the areas.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow much does it cost?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The asking price for the real-estate property is 85 million euros, with an indicated annual rent of 5 million. These are data supplied by the proposing party, subject to documentary verification.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the yield?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The teaser indicates a gross rent-to-price ratio of about 5.9%, before costs and taxes, and specifies that it does not represent the net return. We publish no net yield because it is not in the documents.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWho runs the hotel?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Management is tied to a leading hotel group, under a twenty-year contract. The name is confidential and is part of the process documentation.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow is the documentation accessed?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

In three steps: the buyer’s company profile, a preliminary check of financial capacity by the owner, and a confidentiality agreement (NDA) drawn up by the owner.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo the photographs show the hotel?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

No: they are representative images of Milan and do not identify the property’s location.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow do I ask for information?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

With the \u00abRequest information\u00bb button or from the Contact page: Luca Lodi, Senior Global Investment Advisor, is the contact for information and expressions of interest.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWho is the Milan hotel for sale for?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

For qualified investors seeking an income-producing property who do not want to run a hotel. The teaser’s process provides for a company profile, a check of financial capacity and an NDA.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs the Milan hotel for sale already let to an operator?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The teaser indicates management tied to a leading group, a twenty-year contract and an annual rent: the arrangement is that of an income-producing property. The exact nature of the contract, lease or management, is to be verified in the documentation.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the difference between the gross ratio and the net yield?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The gross ratio is the rent divided by the price, before costs and taxes (about 5.9%). The net yield is what remains to the owner after taxes, ownership costs and financial charges, and it depends on the contract: the teaser itself specifies that the gross ratio is not the net yield.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the Milan hotel for sale worth per room?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Dividing the asking price of 85 million by about 300 rooms gives about 283,000 euros per room. It is a gross ELRE calculation on an approximate number of rooms, not a teaser figure, and it is not a valuation of the hotel.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs the Milan hotel for sale near San Siro?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The teaser mentions San Siro among the city’s symbols but does not give the distance from the property: the location is confidential and we do not guess it. It is learned after the three steps of the process, the last being the NDA.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs the twenty-year contract already running?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The teaser speaks of a twenty-year contract with an operator tied to a leading group, but does not say from when it runs nor how many years remain. It is the first thing to ask, because it changes the value of the 5 million rent.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t