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Jeddah Real Estate & Property Listings, Free Jeddah Real Estate Portal, Jeddah, Makkah, Saudi Arabia Properties

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A Brand New Hotel With View Of The Red Sea In Jeddah

*** Saudi Arabia Real Estate, Makkah Real Estate, Jeddah Real Estate: Hotels for Sale
An iconic structure on Jeddah's prestigious North corniche. A hotel with all-suites/all-apartments concepts. The hotel occupies the Northern Tower of the Building, with its own parking, entrance, back office, laundry, restraunts and meeting rooms. Income projection and feasibility study are available at HARTT Hotel Consulting. 80% of rooms are ready for outfitting, while other 20% will be handed over in few months. Financial indicators based on (175) units are: Initial Occupancy Rate:57%, Stabilization Occupancy Rate:75%, Weighted average room rate for Y1:US$133, Expected GOP is 56%, I...
*** Hotel for Sale Price: 42,000,000 USD



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