Price: 42,000,000 USD
This is a hotel for sale with 15+ bathrooms and 15+ bedrooms on 12440.00 m2. This property has the following features:
Appliances,
Pool,
Gym / Spa,
Balcony,
Terrace,
Cable TV,
Internet,
Parking,
Ocean View / Sea View,
Ocean Front / Sea Front.
The price of this real estate is: 42,000,000 USD.
An iconic structure on Jeddah's prestigious North corniche. A hotel with all-suites/all-apartments concepts. The hotel occupies the Northern Tower of the Building, with its own parking, entrance, back office, laundry, restraunts and meeting rooms.
Income projection and feasibility study are available at HARTT Hotel Consulting. 80% of rooms are ready for outfitting, while other 20% will be handed over in few months.
Financial indicators based on (175) units are: Initial Occupancy Rate:57%, Stabilization Occupancy Rate:75%, Weighted average room rate for Y1:US$133, Expected GOP is 56%, IRR in 7 years of operation is 28%. HARTT Management will manage the asset on behalf of new owners.
Contact - More Information
Mohammed Al Nashwan
Phones: +966552115000 (8:00-20:00 HRS (GMT +3.0) )
+96626977229 (Saturday - Thursday)
+96626829953
Fax:+96622751169
(Friday is Weekend)
Property Details
| Location |
Jeddah, SA |
|
Property type |
Hotel for Sale |
| Number of Bedrooms |
15+ |
| Number of Bathrooms |
15+ |
|
Date Posted |
2009-03-21 05:35:30 |
|
Last Changed |
2009-03-21 00:00:00 |
| Built area |
12440.00 m2 |
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