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Listing Id: 1615 Total Views: 3484

(Sold) 5 Star Hotel In China For Sale

Jiangsu

Date Closed: 01/04/2015

Asking Price: $1M - 5M
  • Premise Type N/A Premise Size
  • Monthly Rental $0 Rental Desposit N/A
  • Revenue $10,000,000 Liability N/A
  • Gross Profit $10,000,000 Net Profit $10,000,000
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Part Time Staff 0
  • Established 2015 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

Reason For Sale

Management is aging

Description

Description

· Well-known, top 5-star hotel in Yangzhou
· Lavish and well-positioned accommodation located in the Central area
· Building has a total of >20 stories, including undergound carpark. There is also an outdoor carpark
· >250 stylist guest rooms in total, including 1 presidential suite
· Facilities include business centre, restaurants, Grand Ballroom, several conference and event rooms, outdoor pool, gym room, KTV, Full Spa, card rooms, table tennis rooms, outdoor tennis court, snooker room, library, internet room

Statistics

· Owner looking to divest property and entire operations at RMB750m
· Annual revenue over the last 5 years averaged at RMB60m (Rev/Price = 8%)
· Monthly occupancy rate per year averaged at 80% (99% at peak periods) with stable average room rates

Property Information

Rent
Premise Status

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