A Brand New Hotel With View Of The Red Sea In Jeddah - Hotels for Sale, Real Estate - Number of Bedrooms: 15+, Number of Bathrooms: 15+ - Jeddah, Makkah, Saudi Arabia

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A Brand New Hotel With View Of The Red Sea In Jeddah
Date & Time Listed: 2009-03-21 05:42:49 (GMT)

Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 15+, Number of Bathrooms: 15+
Posted From: Saudi Arabia, Makkah, Jeddah

Ad Details:

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)

Other Details:

Number of Bedrooms: 15+
Number of Bathrooms: 15+

Price: 42,000,000.00 USD

Keywords:

hotel for the sale, Hotel by the Sea, hotel near the sea

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Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 15+, Number of Bathrooms: 15+ Posted From: Saudi Arabia, Makkah, Jeddah

Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 15+, Number of Bathrooms: 15+
Posted From: Saudi Arabia, Makkah, Jeddah