Grand Hotel eVropa

Wenceslas Square Prague

32

Scenes from famous movies such as Mission Impossible or I served the King of England have been shot in the Grand Hotel Evropa.

The “Property” consists of the existing hotel and adjacent development site located in the courtyard behind the building.

Grand Hotel Evropa (the “Hotel”) is a landmark historic building facing Wenceslas Square. While the Hotel’s rich history dates all the way back to 1889, its current Art Nouveau design has only been introduced after thorough reconstruction, undertaken by renowned architects Bendelmayer, Hübschmann and Letzel in 1905.

The Hotel spreads over 2 underground and 8 aboveground floors and is projected to encompass 43 guest rooms (average size of 35 m2), restaurant, café and a large reception. The total GUA of the Hotel is 5 671 m2. The Hotel is currently closed for the proposed renovation and extension.

The courtyard area of the Hotel (the “Project”) is currently set to accommodate an additional building with 111 guest rooms (average size of 35 m2), numerous F&B outlets (café, club restaurant and a rooftop restaurant with bar), fitness centre & spa, as well as conference centre seating up to 200 delegates. The proposed building is scheduled to spread over 3 underground and 9 above ground floors, extending to 8 467 m2 of GUA. All relevant permits related to construction of the building are already in place.

DeScriPtion

Location & Access4 – 5

Property specificationsTenure & TenancyInvestment opportunity6 – 7

The Process8 – 9

Contacts10

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The Property is situated in Prague. With its 5.9 million tourists p.a. and 13 million overnights, Prague is the most popular touristic destination in central Europe.

Being located on Wenceslas Square 25 in the very heart of Prague, the Property benefits from its utmost prime location. The area is popular and frequently visited by tourists as well as business travellers. Numerous hotels, office buildings, restaurants and tourist attractions are located directly on the square and/or within its closest vicinity. It is also known as the main high street retail area of town.

Serving as a central transportation hub, all three Prague’s metro lines and numerous tram lines stop directly on the square. Prague’s main train station is within walking distance from the square. It is readily accessible by car from Wilsonova, the main arterial road (extension of the D1 motorway connecting Prague with Brno), and it is a 25 minute drive to the Prague International Airport

Location & acceSS

Utmost prime location with exceptional accessibility and visibility.Major tourist as well as corporate demand generators in the vicinity.

Old TownSquare

Uhelnýtrh

Wenceslas Square

Senovážnénám.

Ovocnýtrh

Na Příko

pě

Jindřišská

Vodič

kova

Opletalova

Wash

ington

ova

Nekázanka

Panská

Politických vězňů

Skořepka

Jungmannova

Železná

Provazn

ická

Michalská

Národní

Perlová 28. říjn

a

Vinohradská

Lege

rova

Wilsonova - D

1

Property specificationsTenure & TenancyInvestment opportunity6 – 7

The Process8 – 9

Contacts10

76

Grand Hotel Evropa has hosted numerous famous figures throughout its rich history, including Tomas Garrigue Masaryk, Franz Kafka, Jurij Gagarin and Tom Cruise.

The Property is currently held freehold by a private individual. The ownership is registered to LV 1035 in the Cadastral area of Nove Mesto in Prague. The land plot of the Property (both the Hotel and the Site) extends to 2 048 m2.

The Hotel is currently closed for the proposed renovation and extension, thus being offered with vacant possession.

• An exceptional value-add opportunity to acquire an existing hotel with a renowned name and design with vacant possession and significant growth potential

• Prime location – the most important hotel investment fundament and core sustainable competitive advantage

• Occupancy and ADR are recovering in Prague• Improving demand and limited future supply• Asset deal limiting the liability risks and simplifying the due diligence process

tenure & tenancy

inveStment oPPortunity

ProPerty SPecifi-cationSThe Hotel (existing)• 43 guest rooms of an average size of 35 m2 • Restaurant (1st underground floor)• Café (ground floor plus mezzanine)• Extensive Lobby (ground floor)• Terrace on the roof

The Project (proposed)• 111 guest rooms of an average size of 35 m2

• Conference Centre (1st underground floor, capacity 200 seats)

• Club Restaurant (ground floor)• Casino (ground floor)• Fitness Centre & Spa with swimming pool

(8th and 9th floor)• Rooftop Restaurant/Bar (9th floor)• Terrace on the roof

The Process8 – 9

Contacts10

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JK Advisory has been exclusively appointed by PSN to offer to a limited number of investors this unique redevelopment opportunity in the heart of Prague, Czech Republic.

October 2014 – Distribution of the Teaser and an NDA following with the information package against the signed NDA,November 2014 – ViewingsDecember 1 – 10th 2014 – Collection of the offersDecember 10 – 17th 2014 – Selection of the exclusive party, signature of the LOIJanuary, February 2015 – Due diligenceMarch 2015 – Signing of the Sales and Purchase Agreement, transfer of the Property

The sale will be realized through a one-round tender process with the sole deciding criterion – best offered price.

All communication is to be held strictly through JK Advisory.

the ProceSS

Sir Nicholas Winton chose the Hotel as his home and office for his organization which saved 669 children from Jewish families from Nazi regime.

Contacts10

10

contactS

Ing. Jan Kovařínský MRICSe: jan@jk-advisory.comm: +420 602 459 288

Ing. Zdeněk Špaček MRICSe: zdenek@jk-advisory.comm: +420 724 203 784

Disclaimer

Though this document is believed accurate at time of transmission, no representation or warranty, express or implied, is or will be made in or in relation to, and no responsibility or liability is or will be accepted by us as to the accuracy or completeness of these contents or any other written or oral information made available to any interested party or its advisers and any liability therefore is hereby expressly disclaimed.