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Torre Azul Hotel Income and Mortgage plan. |
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Hotel |
8 Double bedrooms X €. 70 X 350 Days |
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Breakfast |
16 X € 12 X 350 Days |
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1/2 Pension |
16 X € 25 X 350 Days |
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Extras Banquets, Cooking classesFees on trip rent a car etc. |
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Total 12 Months occupancy |
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Total 6 Months occupancy |
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Net income 40% of above |
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Bank repayment on a € 400.000 loan |
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first 2 years during construction interest only |
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€. 1.250 Monthly |
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20 years at 3,45% |
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€. 2.372 Monthly |
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Leasing for €. 100.000 Furniture and Equipment 3 Years |
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Opening commission 0,90% |
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Type of interest 4,80% |
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