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Listing ID: 1616 Last Refreshed: 25/04/2019 Total Views: 5699

5 Star Hotel In China For Sale

Jiangsu

Asking Price: > $5M
5 Star Hotel In China For Sale
  • Premise Type N/A Premise Size N/A
  • Monthly Rental $0 Rental Desposit N/A
  • Revenue > $1M Cash Flow > $1M
  • Gross Profit > $1M Net Profit > $1M
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2009
  • Owner Role Part Time Staff 0
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Edwin
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Reason For Sale

Aging Management

Description

5 STAR HOTEL IN YANGZHOU, CHINA

 

Description

·      Well-known, top 5-star hotel in Yangzhou

·      Lavish and well-positioned accommodation located in the Central area 

·      Gross floor area is approximately is >50,000 sqm

·      Building has a total of >25 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

 


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