Novaxia NEO acquires a 3-Star hotel in Dresden
2 min finding out time Published 10 hours within the past Novaxia NEO, a SCPI managed by Novaxia Investissement, continues its procedure of geographic and sectoral diversification with the acquisition of a hotel in Dresden, Germany. This property, comprising 103 rooms and spanning 5,762 m², generates a substandard yield of seven.61% with a 15-year lease
2 min finding out time
Published 10 hours within the past
Novaxia NEO, a SCPI managed by Novaxia Investissement, continues its procedure of geographic and sectoral diversification with the acquisition of a hotel in Dresden, Germany. This property, comprising 103 rooms and spanning 5,762 m², generates a substandard yield of seven.61% with a 15-year lease signed with a main hotel operator.
The now not too prolonged within the past renovated Amedia Resort is a 3-neatly-known person establishment positioned shut to Dresden’s central enlighten situation. It supplies a restaurant, bar, wellness dwelling, and six meeting rooms for occasions and seminars. The metropolis advantages from a dynamic hotel market and a stable tourist inflow, with over 1,000,000 nationwide arrivals per annum.
The property is managed by HR Community, a serious player in multi-impress hotel operations in Europe. With over 15 years of ride, the Berlin-primarily based neighborhood operates hotels below 25 established brands, including Amedia, Accor, Wyndham, Hyatt, Hilton, and Marriott. Display camouflage in 12 countries and 83 European locations, HR Community collaborates with institutional investors, guaranteeing expert and decent asset administration.
An Acquisition Aligned with Novaxia NEO’s Strategy
Obtained for €8.472 million, the hotel is leased for now not lower than 15 years, guaranteeing rental profits safety. Positioned in Germany, this property supplies investors the succor of extra favorable tax prerequisites. Novaxia NEO, which targets for a distribution rate of over 6% for the fifth consecutive year, continues to compose its investors with varied and sustainable administration, with stable profitability ability.
Commitment to Sustainability and Carbon Footprint Low cost
As phase of its sustainable administration procedure, Novaxia NEO plans to cut greenhouse gas emissions from this asset by 40% via vitality optimization works. Since its inception, the SCPI has already diminished CO2 emissions by 70 tons while achieving vitality financial savings across several sites.
With this acquisition, Novaxia NEO continues its geographic diversification and efficiency-pushed ability, placing this hotel asset on the coronary heart of its development procedure.
“Attributable to its fundraising, Novaxia NEO has executed its 2nd acquisition for the reason that delivery of the year! It also meets all our commitments to investors: sectoral and geographic diversification, excessive yield ability, prolonged-term lease with a high quality tenant who has been in jam for nearly 5 years. Centered on persevering with to mix efficiency with resilience, we purpose, for the Fifth consecutive year since Novaxia NEO’s introduction, a Distribution Rate exceeding our (non-guaranteed) 6% aim.” – Mathilde Krieger, CEO of Novaxia Investissement
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