Opportunity to acquire protected lease of central Copenhagen hostel
Specialist business property adviser Christie & Co has been exclusively instructed to market the protected lease of Copenhagen Downtown Hostel, a leading hostel located in the heart of the thriving city centre.
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The hostel offers 78 bedrooms with a total of 334 bedspaces, including dormitories, private rooms, and dormitories which have been installed with DreamBoks: compact, self-contained sleeping pods configured for double occupancy. The hostel also comprises a ground floor bar and café, and a basement club with cinema.
The hostel is situated in a prime position close to popular tourist attractions including Tivoli Gardens theme park, Strøget, the city’s main shopping destination, and Nyhavn, the colourful harbour, plus the Opera House, National Gallery, Rosenborg Castle and Copenhagen Zoo within a short distance. The hostel also benefits from being in close proximity to public transport hubs including Copenhagen Central Station, making it a preferred choice for both domestic and international travellers.
The hostel offers a range of asset management and value-add opportunities, including plans to install a further 88 DreamBoks to replace traditional dormitory beds, resulting in an uplift in RevPAR and offering guests privacy and comfort.
The hostel has been recognised as the ‘most popular hostel in Copenhagen’ and one of the top ten extra-large hostels worldwide at the 2020 Hoscars.
Craig Millward, Director – Corporate Hotels at Christie & Co, commented, “The hostel market in Europe is thriving, with many new entrants seeking to get a foothold in the market. The opportunity to install additional DreamBoks in this asset with quantifiable Return On Capital Employed is compelling. We expect considerable interest from existing operators and investors in the sector as well as new entrants.”
Carine Bonnejean, Managing Director – Hotels at Christie & Co added, “The recent acquisition of Generator by Brookfield earlier this year exemplifies the current appetite for the hostel sector across key European capital cities, and we are delighted to offer this sizeable opportunity with asset management opportunities right in the centre of the vibrant Danish capital.”
Offers are being invited for the property. For more information or for interested parties to get in touch, visit: https://www.christie.com/4241316/
For further information on this press release, contact:
Jasmine Davis, Corporate Communications Manager
P: +44 7561 115179
E: jasmine.davis@christie.com
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