Samechov Training Center
- Description
- Investment plan
- Risk
- News
Description
Short summary
We decided on the Samechov hotel project for several reasons. The first of them is our vision to have real estate in our portfolio, which we will manage for a long time and increase their yield. Another reason is, of course, the beautiful hotel building which served as an infirmary during the First Republic. Today, the building serves as a training center in which conferences can be held for up to 127 people.
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Location
Description of investment opportunities
The main investment plan of the Training Center in Samechov is the medium- and long-term holding of a yield property. The building does not require renovation and is in very good and maintained condition.
The main potential is to increase the annual average occupancy of the training center, which has so far been only around 20%. The advantage is that the hotel and training center is used exclusively by Czech clients, which include, for example, Porsche CR, Dejvické Theater, SŽDC, Unicredit, ČMZRB, Globus ČR and many others. The hotel has not been significantly used for family recreation, or for celebrations, weddings and events, for which it has ideal conditions due to its location and equipment.
The potential to increase revenues also includes an adjustment of the average price per room, which is CZK 1,186 below the average of comparable projects in the area.
Risk profile
Risk Subject
Borrower Track Record
Succesful Resale of Multiple PropertiesLocal Market
Stable: 12 month market timeProject updates and reports
Project milestones
- 26/4/2021Opening an investment
- 1/6/2021Launch of the reservation system
- 10/6/2021End of investment
- 19/6/2021Grand opening party
- 1/12/2021Commencement of reconstruction
- 31/3/2022Completion of the reconstruction