Aparthotel, Trakai I

Trakai, Lithuania
Stage: I
Available for investing:
€0
431 investors
€ 860 000
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The annual return indicates the fixed-interest rate, or what investors shall earn in percentages. Percentage may depend on amount of the investment. To see specific returns please enter investment amount above. Fixed annual interest
10-10.5%
The annual return indicates the fixed-interest rate, or what investors shall earn in percentages. Percentage may depend on amount of the investment. To see specific returns please enter investment amount above. Fixed capital gains
1.5%
annually
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Total expected earnings. Total expected earnings
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Security indicates the measures that are being taken to secure your investment. Mortgage means the funds of investors are secured by mortgaging the asset in the name of investors. In case of project owner's default the mortgage of the asset would be used to recover principal investment of investors. Security
1st-rank Mortgage

Reasons to invest in the project Aparthotel, Trakai I:

  • The project is located in the very center of Trakai, next to Galvė Lake, with a beautiful view of Trakai Castle;
  • Interest is paid monthly, with an attractive annual rate of return of 10% to 10.5%, plus an additional fixed annual capital gain return of 1.5% (payable at the end of the project);
  • The project company is owned by two other companies that developed similar projects in Vilnius and Palanga;
  • The total project investment, including the purchase of the property and full renovation, will amount to approximately EUR 5,000,000;
  • The projected operating income in 2027 is EUR 2,040,000;
  • The maximum loan-to-value (LTV) ratio for this project is 70%;
  • An independent valuer has appraised the property at EUR 1,299,999.

The InRento team presents a new real estate rental project, the Aparthotel in Trakai. The investment offer consists of  a 4,540 m² building located in the heart of Trakai, next to Galvė Lake, with a magnificent view of Trakai Castle.

The project includes a four-storey building with a one-storey extension. The property will be renovated and converted into a hotel concept. The plan is to make efficient use of the area of the former boarding school by adding 140 rooms ranging from 20 to 28 m². Additionally, a swimming pool, spa area, and restaurant are planned, further enhancing the facility's appeal.

In 2023, Trakai welcomed 124,000 tourists, 97,000 of whom were from outside Lithuania. You can read more about this here. Tourists are drawn to the town’s historical significance, beautiful lakes, exceptional cuisine, and the famous Trakai Castle. Despite the large number of visitors, there is a shortage of hotel accommodation in the central part of Trakai, meaning most tourists are either day visitors or stay in nearby towns.

Considering the limited competition in this part of the city, the project owner plans to achieve high occupancy rates. The average price of a hotel room for two people in Trakai ranges from EUR 63 to EUR 92 per night (based on Booking.com data as of 14 November this year, analyzing rooms with ratings from 8.2 to 9.7). Meanwhile, the project owner's planned pricing will be EUR 50 to 100 per night.

The total investment for the project, including the property purchase and complete renovation, will be approximately EUR 5,000,000. The hotel is expected to generate revenues of EUR 2,040,000 in its first year of operation. 

Investors will receive a fixed interest rate of 10% to 10.5% per annum, paid monthly, depending on the amount invested. The project also offers a fixed annual capital growth rate of 1.5%, payable at the end of the project. This brings the overall yield to an annual return of 11.5% to 12%.

Any questions?

Do not hesitate to contact us at info@inrento.com

Schedule a call

2024-12-05

The mortgage agreement with the project owner has been successfully concluded and registered (the document can be found in the "Documents" section of the project description).

Any questions?

Do not hesitate to contact us at info@inrento.com

Schedule a call

Here you can find the complete payment history for this project. The list includes all payments made by the project owner, covering interest payments, principal repayments, capital gain payments, and any late payment fees.

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