Grand Hotel EVropa

Wenceslas Square
Prague

Description

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 Hotels 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, Hbschmann 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, caf 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 (caf, 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.

Location & Access

45

Property specifications
Tenure & Tenancy
Investment opportunity
67

The Process
89

Contacts
10

Old Town
Square
lez
e
n

k
ns
s

di

Jin

c
liti
Po
ch

sl
ce
en
W

va

D1

Lege

a-

ov

n
ilso

rova

ono

Op

ov

al
let

ingt

re

ua

Sq

Being located on Wenceslas Square 25 in the

z
v

as

a
Jungmannov

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.

Wa
sh

ov

ik

ov

jn

8.

Vo
d

erl

dn

Pa

Uheln
trh P

Nro

op

P
Na

Senovn
nm.
a
nk
za
k
Ne

Michalsk
pka

k
nic

az

ov

Pr

Skoe

Location
& Access

Ovocn
trh

Vino
h

rads

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.

Utmost prime location

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

Serving as a central transportation hub, all

three Pragues metro lines and numerous tram
lines stop directly on the square. Pragues
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

Property specifications
Tenure & Tenancy
Investment opportunity
67

The Process
89

Contacts
10

Property
specifications

Tenure
& Tenancy
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 (existing)

43 guest rooms of an average size of 35 m2

Restaurant (1st underground floor)
Caf (ground floor plus mezzanine)
Extensive Lobby (ground floor)
Terrace on the roof

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

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

Grand Hotel Evropa has

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

Investment
opportunity
An exceptional value-add opportunity to acquire an existing hotel with
arenowned 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

The Process
89

Contacts
10

The Process
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 Viewings
December 1 10th 2014 Collection of the offers
December 10 17th 2014 Selection of the exclusive party, signature of
the LOI
January, February 2015 Due diligence
March 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.

Sir Nicholas Winton

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

Contacts
10

contacts

Ing. Jan Kovansk MRICS

e: jan@jk-advisory.com
m: +420 602 459 288

Ing. Zdenk paek MRICS

e: zdenek@jk-advisory.com
m: +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.

10