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Management Rights for Sale in Bali
Date & Time Listed: 2017-09-13 06:55:42 (GMT)
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Ad Details:
The Opportunity:
To purchase the Management Rights of 133 unit Resort Type Hotel which is superbly located in one of the most popular tourist destinations of the world with 4 Pools,3 Bars,2 Restaurants.
This is a Prime Investment Opportunity with a good profitability and a strong return on investment
TripAdvisor 2017 has announced has announced that Bali has been recognised by as being the most popular tourist destination in the world.
Sales $6,000,000 pa (annual gross approx.)
Located in the ever popular Kuta Agung Market Area of Bali between the Poppy Lanes
133 Resort type accommodation units of varying design and affordability in the letting pool
The Business has had a steady and significant growth over the last 5 years with an average occupancy level of 80%. A new modern accommodations section of 21 units have been completed in the 2017.
Bali is acknowledged as being one of the top tourist destinations in the world. Tourism visitors to Bali is expected to increase from 12 million in 2016 to 20 million in 2020. This increase alone translates to an increase in occupancy and profitability of the management rights of this resort hotel. Free visa facility has been made available to 169 countries by the Indonesian authorities.
The existing management team and operational staff have been part of the hotel for several years and are trained and motivated. New owners would need to have experience and knowledge of managing and running a busy and popular accommodation and hospitality business. Modern cloud based reservation system is in place which is friendly to both those seeking accommodation and making reservations plus being uncomplicated for management and administration purposes.
Leases have been prepaid for many future years and these years of prepaid lease are part of the asking price.
Permanent trained staff are employed as well as contractors and casual Employees. Regular training and motivation meetings are held as part of the ongoing management system
Reason for Sale:
The ownership of the management rights is in place with a company that has one owner and director the director has developed and built the business for the past ten years and is now planning explore new investment opportunities
About the Business:
• 133 Accommodation units of varying design and affordability in the letting pool.
• Located Between Poppy Lane 1 and Poppy Lane 2.
• Resort type design in contemporary buildings with a modern contemporary fit out.
• 4 Swimming pools of varying size and design
• 3 Bars and 2 well known & popular Restaurants
• Gymnasium
• Roof top entertainment area which seats 350.
• Immaculate grounds and world class presentation
• A great occupancy records
• In house water filtration system & power backup generator
• Easy walking distance of shopping area and the beach
• A total floor area of 6080m2
• Long term lease in place which form part of the sale
• Currently Australian owned & operated
• Management company’s private suite included in the sale
• Design and Structure: Stage One is made up of 15 two Bedroom Apartments, Restaurant Swimming pool, Circular Main bar, Owners Private Apartment, Reception desk.
• Stage Two comprises of 15 Studio Units, 6 One Bedroom Units,31 Two Bedroom Units, Restaurant, Swimming Pool, Sports Bar and Gym.
• Stage Three is made up 31 Studio Extra Units,30 Two Bedroom Apartments, 8 Three Bedroom Apartments, 8 Three Bedroom Apartments, Restaurant, Commercial Kitchen, Bar, Two Swimming pools, Rooftop Function area
• Management Rights agreements in place extend to 2036 for Stages One and Two. Stage Three Management Rights extend to 2041. Additional years have been negotiated
Further Information & Inquiries:
Please contact Global Trading International the marketing agents
John Perrett
M: +61 (0) 466081118
E: sales @globaltradinginternational.com.au
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Related Links:
* Kuta Bali - Real Estate Classified Ads
* Bali, Indonesia - Real Estate Classified Ads
* Indonesia - Real Estate Classified Ads
* Kuta Bali - Resorts for Sale Classified Ads
* Bali, Indonesia - Resorts for Sale Classified Ads
* Indonesia - Resorts for Sale Classified Ads
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