Hotels that are for sale or in need of a new operator are not found on the open market like flats or houses. This business is subject to the strictest discretion, and that's where Frankl Consult comes in. Its CEO, Patrick Frankl, has earned an excellent reputation in this field since founding the company in 2014.
Patrick Frankl's portfolio now includes 100 hotels in the 2 to 5-star categories. 60 percent of them are for sale, and operators are being sought for the remaining 40 percent of the business’ properties. The focus of the business: Hotel projects and conversions, i.e. hotels that are converted into apartment buildings. The current trend is going in this direction. Germany, Austria and Western Europe are the target market.
HOTEL PROPERTIES INTERESTING FOR FAMILY OFFICES, FUNDS OR FOUNDATIONS
Hotel Properties are more difficult to sell today than they were in the past few years. According to Patrick Frankl, hotels used to be gone within only one or two months of going to market (at the latest,) but that has changed. Therefore, Frankl now not only offers guest houses for sale, but he also turns hotel investments into financial products that are especially interesting for family offices, funds or foundations.
THERE ARE POTENTIALS FOR HIGHER RETURNS THAN CLASSIC REAL ESTATE INVESTMENTS
"We are firmly convinced that a hotel can bring higher returns than most current classic real estate investments," says Patrick Frankl in an interview with Pangaea Magazine in his office, located in the middle of Vienna's "Golden Quarter". Frankl Consult GmbH offers its clients various services – with the intention of developing the most basic and profitable concept for any hotel use case. Their collection includes offers for both short-term and long-term investment gains.
Hotel Properties: Unlocking Higher Returns in Real Estate lot
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