With this calculation, we aim to transparently illustrate the recapitalization of your potential investment in Dom 4545, to the best of our knowledge and belief.
At the same time, our objective is to provide you with the opportunity to directly compare an investment in a condominium unit within a hotel operation with an investment in a serviced apartment without hotel operations.
*The following explanations are based on the presented investment calculation and the underlying calculation model.
For the project, a lease model has been agreed with Dorint Hotels & Resorts, with assumptions based on aligned Heads of Terms (H.O.T.), including budget, which form part of the contractual agreements. This model was deliberately chosen as it ensures a clear separation between ownership and operations and provides investors with a high level of planning and income security.
The purpose of this comparison is to transparently illustrate the structural differences between an investment in a condominium unit within a hotel operation and a traditional real estate investment without hotel operations.
The two models differ in particular with regard to income structure, cost allocation, operational effort, and personal use options.
This comparison is intended to help investors better understand the implications of each investment structure and to make an informed decision based on the presented calculation.
In the highlighted fields, you may select the desired hotel studio or hotel suite. In addition, it is possible to adjust or supplement our assumptions regarding the indexation of costs, income, and property development within the calculation.
The ancillary costs listed here are based on specifications provided by the notary and the relevant authorities and relate to the purchase price and notary fees.
(These items are an integral part of the presented investment calculation.)
The values used for the calculation are based on our experience as hotel operators and developers of second homes and are therefore considered realistic.
Differences in Income Between the Investment Models
When owning a property within a hotel operation, the likelihood of being able to use the property for personal stays in Saas-Fee at the desired time is significantly higher, without rental losses as may occur with a traditional apartment. The hotel operation provides several equivalent alternative units. In addition, all operational tasks - such as marketing (e.g., via Airbnb), cleaning, maintenance, and other ancillary costs - are handled by the operator.
In the case of owning a property without hotel operations, these tasks and costs fall under the responsibility of the owner. This additional effort has not been quantified in the presented calculation.
For this model, a guaranteed lease agreement has been concluded with the hotel operator. In addition, further income is generated through the proportional allocation of the Net Operating Profits.
In this case, the income is generated independently - there is no guaranteed lease provided by an operator. Personal use of the property has been incorporated into the calculation on a 1:1 basis; please refer to the “Income – General Note” above.
(The presented assumptions are part of the investment calculation and are based on the Heads of Terms (H.O.T.), including budget, agreed with Dorint Hotels & Resorts, which form part of the contractual agreements.)
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All costs are directly offset against revenues by the hotel operator.
For this investment model, the calculation includes the following costs:
(The listed cost items have been appropriately considered in the investment calculation.)
To calculate the return on your investment (purchase price plus transaction costs), income over a period of 20 years and the value of the unit after 20 years have been taken into account. Income and property value are indexed annually at rates of 0.5% and 2.0%, respectively.
Based on these assumptions, the internal rate of return (IRR) is calculated—a commonly used financial metric indicating the expected annual growth rate of the investment.
(The IRR calculation is fully based on the presented investment calculation.)
The presented calculation is based on our calculation model and assumptions and is provided for illustrative purposes only. Only the contractual agreements with Dorint Hotels & Resorts are legally binding.
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