Monasteries become hotels

A Japanese operator plans to convert three former monasteries into hotels, including four-star hotels and one boarding house each.
The company has signed operating agreements for all three properties and secured them with performance guarantees.
Lease term: 15 years each.
The monasteries are located in Bavaria, Rhineland-Palatinate, and North Rhine-Westphalia.
Total volume: €24 million.
All forms of financing are conceivable!


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