5 Star Hotels for Sale 2 Properties, 185 and 299 Rooms. One Is 5 Blocks From Emirates Shopping, Mall the Other Is 1 Block From the Beach. Both Selling: $246 Mm +3% Usd. the Four 4 Star Hotel has 299 Keys (There Are Two Blocks of Accomodations, There Is a Hotel Block and Hotel Apartments) the Occupancy Is Approximately 90% the Net Operating Income Is Approximately $7,500,000 the Cap Rate Is 8% Hotel Opened in 2010 Near Famous Emirae Mall. There Are 12 Floors Plus a Health Club the Square Footage of This Hotel Is 234,132 the Hotel Offers a Restaurant, Meeting Rooms & Office Space the Operator of the Hotel Would Like to Stay On and Manage for the New Owner the 5 Star Hotel Seems Like a 7 Star, Really There Are 185 Keys the Occupancy Rate Is About 90% the Hotel Is 10 Minutes From the Beach This Is a Hilton Hotel the Cap Rate Is Low for Now As the New Operator or Owner of the Hotel Can Activate the Hotel Liquor License Which Is Easy to Do...Approximate Cap Is 5% Al Barsha
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