Whether a vacant property, a new build or an operator change: a hotel is only as good as its tenant. NOWA finds vetted operators that fit the asset, location and investment horizon – and negotiates leases that work for both sides. Active across Germany, in Spain and selected European markets.
A lease often ties owner and operator together for ten years or more. The wrong tenant costs more than rent – it costs substance: deferred maintenance, a falling valuation, a property losing ground in its market.
We vet operators on standing, track record and concept, and bring only candidates that will genuinely develop the location. The result is a lease that delivers predictable income instead of sending you back to the market in two years.
We assess which operator concept the location can carry – budget, midscale or boutique – and derive a realistic rent level from it.
We approach vetted tenants and brands from our network, pre-selected for standing, experience and fit with the asset.
We negotiate rent, term, indexation and maintenance obligations and guide the handover – including a running operator change.
Rent level alone says little. What matters is whether the operator can carry the property across the term – commercially and operationally.
It depends on risk appetite, capital and know-how. A lease delivers predictable income without daily operations; self-operation offers more upside but more responsibility. We frame both for your specific asset.
Through an established network of operators and brands. We approach candidates deliberately, check standing and concept, and present only parties that fit – without public marketing.
For a turnover lease, a range of roughly 20–25% of net revenue is considered market-standard; alternatively a fixed rent per room and month is agreed. The rent actually achievable depends on location, concept and operator model – with the right use concept, more is possible in individual cases. We benchmark it realistically for your asset.
A fixed lease gives the owner maximum predictability, because the vacancy risk sits with the operator. A turnover lease lets the owner share more in the upside but fluctuates with the business. Often a combination is the right answer – we structure the model to fit the asset and risk profile.
It depends on location, condition and rent expectation. By approaching vetted operators from our network directly, we shorten the search considerably versus an open tender – discreetly and without disrupting the running business.
Yes. For an operator change we guide you discreetly – including the question of a buy-out payment and the handover to a new tenant, without endangering the running business.
Beyond rent and term, above all indexation, maintenance obligations, securities and exit clauses. We make sure the substance of the property is protected across the term.
Yes. We are active across Germany – with focus areas including the Rhine-Main region – as well as in Spain and selected European markets. You will find examples in our concepts & case studies.
We will tell you which operator concept your location can carry – and find the tenant to match.