29 bedroom hotel for sale
Cambodia - Phnum Pénh
like this property?Call: 03339 390687
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
- Phnom Penh (INTERNATIONAL), 7 miles
*Distances are straight line measurements. This feature is currently in beta.