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29 bedroom hotel for sale

Cambodia - Phnum Pénh

£88,602

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Call: 03339 390687
  • Description
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Full description:

This 29 Room Hotel enjoys a great location in the Riverside Tourist Area.
A good combination of Business and Vacation Guests provides a good steady year round income. Many of the guests are repeat, coming 2 or 3 times a year for an average of 7 day stay.
As well as the Hotel Rooms there is a ground Floor restaurant (Anna's Restaurant) which provides guests with cooked a la'carte meals from 6:30am until after 9pm.
This operation is fully staffed with cooks and Severs. The restaurant can seat 28 persons both indoor and outdoor on a viewing deck.
An extra income flow is generated by a busy laundry on the 5th floor which not only provides for Hotel Linen but also guest's laundry and Linen services for a number of other locations. The revenue of this unit is in excess of $2,000 per month.
A long lease is in place with a ground rental of $6,200 a month. The lease is up for renewal in 2025. The Hotel is staffed by great Cambodians. Some have been on the team for 6 years or more and have a wealth of knowledge of the Hotel and associated services.
With 4 accommodation floors, serviced by elevator, the Hotel is primarily non smoking except for the restaurant and lobby areas.
The hotel has excellent IT systems both internal for hotel/Restaurant management but also External with a well positioned website, with a strong social presence on Facebook and Google+.
The majority of bookings come from online travel agencies Booking.com, Agoda and Expedia. These agencies have the Hotel high on their rankings.
A growing opportunity is the continuing growth in online bookings direct to the hotel, which saves on paying extensive commissions to outside agencies.
New owners have a choice, take over a smoothly operating three star hotel, or invest in some upgrades to move the room level income expectations to a higher level.
Unfortunately the Hotel Owner has had a dramatic health event and has decided that family is more important than business.
This Hotel will appeal to those looking to invest $110,000 USD (includes deposit).
Contact to Cris 012 828 625 / 023 214 322

St, 130 corner St, 15

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

Nearest Airports*

  • Phnom Penh (INTERNATIONAL), 7 miles

*Distances are straight line measurements. This feature is currently in beta.

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 29ROOMHOTELRIVERSIDECENTRELOCATIONFORSALE) 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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