4 Star Hotel For Sale
Location Nigeria
Asking Price Range > $35.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 50 - 99
Relocatable Not Disclosed
Number of Employees 50 - 99
Real Estate Owned
Reason for Sale Retiring.
Description 2 Wings of 4 star Hotel for sale with other amenities blocks.
DESCRIPTION: 2 wings of 4 star hotel. Abuja, Nigeria. High Brow Area.
Wing 1:
Development consists of 5 floors, 106 rooms distributed as follows:
- 28 Standard Rooms
- 56 Superior Rooms
- 16 Queens Rooms
- 6 Ambassadorial Suites
Others include:
3 Banquet Halls
Gurara Halt 200 Sealer
Aso Hall = 40 Seater
Syndicate Hall = 20 Seater
Wing2:
Development consists of 211 rooms on four floors and distributed as follows:
- 74 Executive Rooms
- 74 Deluxe Rooms
- 31 Royale Rooms
- 6 Alcove Rooms
- 2 King Size Rooms
- 16 Diplomatic Suites
- 6 Business Suites
- 2 Presidential Suites
Additional facilities include 3 Banquet Halls
Zuma Hafl - 300 Seater
Amechi Hall 80 Seater
- Ushafa Hall - 35 Seater
Others are 8 offices and shops, business center, gymnasium, swimming pool, lawn tennis courts, bars, 'laundry, restaurants and an underground parking lot, all enclosed within a perimeter fence wall with a height of about 2.6 meters.
With a combined capacity of 317 Rooms, the hotel presently commands an average occupancy rate of above 70%.
COST ANALYSIS
- Average Monthly Income N164,918,460
- Projected Monthly income at full capacity N235,597800
- Average Annual Income N1,979,021,520
- Average expected income for a five year period N9,895,107,600
Asking, NET: 12.6 Billion Naira (Agency already Included)
Click Here To Contact Seller
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