Apart-hotel rooms flying in Frankfurt

The city of Frankfurt is more than 2000 years old and home to more than 3000 branches of foreign companies and 600 banks. It boasts the continent’s largest airport and European road and rail junction and attracts visitors from all over the world, offering 170 hotels containing approx. 24,000 beds. The hotel room industry here is hugely successful, enjoying over 80 percent average annual occupancy and is the main reason why buy to let investors are turning their attention towards apart-hotels and this busy metropolis.
One such apart-hotel that is gathering momentum is the Nest - a budget boutique hotel located in the heart of Frankfurt, ideally located providing easy access for guests to the numerous shows and events that take place year on year in this busy metropolis. Frankfurt is a renowned staging point for some of the biggest trade fairs and events in the world including Light + Building 2008 - International Trade Fair for Architecture and Technology, IMEX 2008 -
The Worldwide Exhibition for incentive Travel, Meetings and Events and Automechanika 2008 -
Leading International Trade Fair for the Automotive Industry to name but a few.
Due to be refurbished and relaunched very soon, the hotel has already proven to be a consistently high performer in the hotel market place with a track record for anybody to see. The look and feel of a Nest Hotel is centered on beautifully constructed, state of the art living spaces that are modern, relaxing and contemporary. Rooms come equipped with facilities designed to make the guest feel at home including plasma TV, Wi-Fi internet access and power showers as standard.
Owner Invest, a company who specialises in the apart-hotel investment model, are offering investors the opportunity to participate in the success of the city's hotel industry by purchasing suites at the Nest Hotel in Frankfurt.
Mark Bingham, Managing Director of Owner Invest was recently quoted as saying, "This is a superb opportunity for investors to step on to a tried and tested market in a city that welcomes millions for business and pleasure each year. Since 2005 occupation of hotel rooms that fall into the economy category has averaged between 73 percent and 89 percent. On these kinds of numbers our investors could be seeing returns of at least 15 percent, maybe more as the economy continues to flourish. Where else can you get returns like these? Certainly not in the UK buy to let market for the foreseeable future!"
The average room rate for 'economy rooms' has increased at a steady 4% per year and the average daily rate for an economy hotel room currently stands at 64GBP. Currently undergoing a complete re-fit from 3 to 4 star, Owner Invest are offering hotel suites for purchase at the Nest Hotel at prices 30 percent below its actual market value. With its highly central location, superb transport links and infrastructure, demand from both business and tourists continues to grow and impress. The future of the hotel room industry in Frankfurt and the Nest Hotel is very bright indeed.
Prices at the Nest Hotel Frankfurt start from just 60,000GBP (EUR75,600) and importantly for investors, 5 year developer finance is available - interest free. Additionally this investment has been approved for purchase via SIPP (Self Invested Personal Pension) which is good news if you happen to be an investor from the UK as there are considerable tax benefits built in. Another significant benefit is that investors also receive generous personal use (up to 31 days) as part of the investment package. So if you happen to have relatives in Frankfurt or any other reason to visit the city this may well be the investment of choice for you.