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,
Alarm System,
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 prestifious North Corniche. A hotel with all-suites/all-apartments concept. The hotel occupoes the Northern Tower of the building, with its oen parking, entrance, lobby, elevators, back offices, laundry, restraunt and meeting room.
Income projections and feasibility study are available at HARTT Hotel Consulting. 80% of rooms are resdy for outfitting, while other 20% will be handled over in fewe months.
Financial indicators based on (175) units are: Initial Occupancy Rate:57%, Stabilization Occupacy Rate:75%, Weighted average room rate for: 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.
Property Details
| Location |
Jiddah, SA |
|
Property type |
Hotel for Sale |
| Number of Bedrooms |
15+ |
| Number of Bathrooms |
15+ |
|
Date Posted |
2009-03-03 22:02:40 |
|
Last Changed |
2009-03-09 00:00:00 |
| Built area |
12440.00 m2 |
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