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16 bedroom hotel for sale

£159,763

Cambodia - Sihanoukville

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Call: 03339 390687

Full description:

SUCCESSFUL RESORT ON OCHHEUTEAL FOR SALE
$200,000
There are very few opportunities in the 3-star boutique hotel sector available in Sihanoukville with a very good income/earnings ratio. Here is one if you want to have a change of life-style but still be able to live a normal life too, meaning you won't have to put in 24/7 work hours. This small hotel has gained a very good reputation as is reflected on all booking portals. It is almost unique with its beautifully landscaped pool/garden area, which is also one of the main attractions of this hotel besides the tranquility it offers its guests. There is a full-service restaurant and bar serving a-la-carte breakfasts, lunch, and dinner, as well as cocktails. The 5x12m swimming pool is ideal for children too, and a nice place to chill for adults on the sun lounges. The beach is only 200 m or a 5-minute walk away.
A 45 KVA generator is on site to keep guests comfortable even during the infrequent power outages. 10 IP surveillance cameras with cloud recording and night-time security put guests at ease.
The hotel is listed on booking.com, agoda.com, expedia.com, as well as on this site, our own website and facebook. There is nice share of direct bookings, walk-ins and extensions (35%). The average stay in high season is 10 days, in low season 3 days, with quite a few repeat guests throughout the year. Guests are individual travelers from Europe, OZ/NZ, North America, and well-to-do locals. Advance bookings for this high season are very promising. We expect another good and profitable high season.
We have been here for 3 years so it is a turn-key operation. No further investments are necessary. We recently made additional improvements and have done regular maintenance work. So everything is in excellent working order. Complete computerized back office operation plus POS system in place.
The upcoming high season is a good time to get started and make money right from the start. A good marketing mix will ensure that. Experience in the business would be beneficial but the owner is willing to stay on for 1 or 2 months for free if required. The business is profitable.
Lease: 7 years remaining, with option to extend 10 more years, completely new lease can be negotiated if desired.
Rooms/Suites: 16
Average room rate: $48
Occupancy: 65% p. a., 85% in high season, 50% in low season
Earnings: 25% (before owner's benefits)
Call to Cris 012 828 625 / 023 214 322

This pin shows the general area of the property as the exact location was not given

To view this property or request more details, contact
South East Asia Property Service, Phnom Penh

No 169, Street 154 corner street 15, Kandal 2, Daun penh Phnom Penh
03339 390687  Local call rate
About South East Asia Property Service, Phnom Penh

Seaps property services provide our customers with expert knowledge of the city and the real estate that is available. We recognize that your property is an extremely important piece of capital and remains an integral part of your life, even while you are selling it. We understand how important it is to your future to get the price you want on your property and with our considerable knowledge of the market, we know how to price it correctly, the first time.
We will work closely with you to guarantee this transition is completed as efficiently and successfully as possible.

Property Evaluation Phnom Penh

We can provide a free evaluation of your property using the specific characteristics to compare it with relevant current market prices. This detailed analysis will give you a preliminary idea of how much you can expect from the market and where we should aim. Contact us to get this process started so that you can move forward into what the future holds next for you.


Disclaimer

This is a property advertisement provided and maintained by South East Asia Property Service, Phnom Penh (reference SUCCESSFULRESORTONOCHHEUTEALFORSALE) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

South East Asia Property Service, Phnom Penh

No 169, Street 154 corner street 15, Kandal 2, Daun penh Phnom Penh
or call 03339 390687
Calling from outside the UK? 0085516811711

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