As of today, no international hotel brand is present in Herford. In the Herford region the existing hotels achieve about 2.1 million overnight stays and an average occupancy rate of 75%.
Hence, a big need to catch up is guaranteed. With the planned hotel project to be built, this gap will be filled.
The new hotel with about 135 rooms, public bar and lounge area, as well as modern conference area is planned as a design-oriented business hotel.
The hotel will be sold with a lease-contract with an international hotel chain. The duration of the lease amounts 20 years plus options on lengthening. The guaranteed yield lies at an average of 5.6% p.a.; the total yield (guaranteed plus profit-sharing) will lie at very high 6.4% p.a.!