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

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A Brand New Hotel With Views Of The Red Sea In Jeddah
Date & Time Listed: 2009-03-09 09:03:18 (GMT)

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

Ad Details:

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.

Other Details:

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

Price: 42,000,000.00 USD

Keywords:

Hotel for sale in Jeddah, Hotel sea side, Hotel Near Sea, Hotel By the Sea, Hotel in front of 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, Jiddah

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