5 Star hotel with 210 keys
Operational for last 15 years
Ground + Mezzanine + 11 floors
Built Up Area: 212,700 sq.ft.
Plot Area: 22,000 sq.ft.
Fully refurbished 2 years ago
Current Year Average Occupancy: 84% (surprisingly during summer, it was 92%)
Current Year ARR: AED 530/-.
Current Year Net Revenue: AED 22 Million
Selling Price: AED 300 Million (USD 81.63 Million)
Commission: 2% of the purchase price by the buyer
- Asking Price:
- AED300,000,000
- Sales Revenue:
- AED35,000,000
- Cash Flow:
- AED35,000,000
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Jumeirah lake towers
- Premises Details:
-
Very close to metro station
- Size in square feet:
- 212,720
Business Operation
- Expansion Potential:
-
Huge scope for expansion of business
- Competition / Market:
-
Completed and operational since 2008
- Reasons for selling:
-
Wanted to come out of hospitality industry
- Years established:
- 2008
