Historic hotel for reconstruction in the center of Samara

Самара, Самарская область, Samara, Russian Federation

Category: Regens Hotel & Hospitality, Regens Russia, Russia, other regions , Hotels & hospitality facilities
Deal Type: for sale
Address: Самара, Самарская область, Samara, Russian Federation
Built area: 8303 m2

A piece of Samara's history available for sale.

Unique heritage property built in 1902, which before the 1917 revolution used to host one the best hotels in Tsar's Russia
The building has a total floor area of 8,303 m². The building is situated in historical centre of Samara, 10 minutes walk from Volga embankment, 3 km from the railway station and 47 km from Samara airport.
Land plot with a total area of 2,395 sqm is rented from the Property Management Department of Samara City District Administration for an indefinite term/ù
Premises of part of the ground floor and the basement (overall area: 1,062 sqm) are rented out and generate regular income. On the basis of short-term agreements the premises are rented to a jewelry, a coffee house, a sushi bar and a nightclub respectively.
The upper floors total 7,356 sqm and mostly call for a thorough renovation.
Curretly the hotel has 96 rooms. A regeneration project carried out by the seller imply the extension of the building to 9,192 m2 with an increase the number of rooms to 133 units. As of today the hotel is closed
Asking price: 312,000,000 RUB, VAT included
For further information please contact: a.alessio@regens-international.com