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Apartment Hotel For Sale in Jeddah, Corniche Saudi Arabia A Hotel Or Residantial Tower For Sale In Jeddah Saudi Arabia Asking Price: $42,000,000 USD Great location on Jeddah's North Corniche. A hotel with all-suites/all-apartments concept. The hotel occupies the Northern Tower of the building, with its own parking, entrance, lobby, elevators, back offices, laundry, restaurants and meeting rooms.
Investment Advantage:
1. The only hotel project that is in an advanced phase of construction.
2. Other projects require lead time of 24-36 months.
3. International Hotel Chains have expressed interest in managing this facility.
Financial Indicators:
- Units: 175
- Construction Period: 1 year
- Initial Occupancy Rate: 57%
- Stabilization Occupancy Rate: 75%
- Weighted average room rate for Y1: US$ 133
- Expected GOP is 56%
- IRR in 7 years of operation is 28%
- HARTT is willing to provide all legal and advisory support to execute your transaction smoothly.
Price and Details:
- Special offer price is SR. 157,500,000 (USD.42,000,000).
- Special price for a square meter is SR.14,106 (USD.3,762)
- HARTT Fees: 3.0% for Structure, Arrangement, Brokerage & Legal Services.
- Land area is 4,700 sqm
- GBA (Gross Built Area) /Salable area of hotel is 11,166 sqm
- Total GBA including Right of Use of Public Space is 12,439 sqm
Only serious investors may contact us. A qualified investor/buyer must be able to close the transaction in (30) days from submitting an LOI.
An LOI must be send with a 10% deposit.
HARTT can arrange all site inspections, technical and legal documents for buyers review.
 | | About This Property | |
| Category: | | Hotels | | Address: | | Corniche
Jeddah
Jeddah
Corniche 21512
Saudi Arabia | | For Sale By: | | Owner | | Construction Year: | | 2006 | | Area: | | 12,440 m2 | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | 32 | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| - Appliances
- Maid's Quarters
- Pool
- Gym/Spa
- Balcony
- Terrace
- Patio
- Cable TV
| | - Ocean View
- Ocean Waterfront
- Investment Advantage:
- 1. The Only Hotel Project That Is In An Advanced Phase Of Construction.
- 2. Other Projects Require Lead Time Of 24-36 Months.
- 3. International Hotel Chains Have Expressed Interest In Managing This Facility.
- Financial Indicators:
- - Units: 175
| | - - Construction Period: 1 Year
- - Initial Occupancy Rate: 57%
- - Stabilization Occupancy Rate: 75%
- - Weighted Average Room Rate For Y1: Us$ 133
- - Expected Gop Is 56%
- - Irr In 7 Years Of Operation Is 28%
- - Hartt Is Willing To Provide All Legal And Advisory Support To Execute Your Transaction Smoothly.
| | | Pictures (click to view a larger image) | |
| | Contact - More Information | |
| | Mohammed Al Nashwan, CMD | | | | Phones: | | 966.55.211.5000 (Makkah Time is (GMT+3.0))
9662.668.2224 (Working Hours: 9-18)
9662.263.1915 (Working Days: Sat-Wed)
| | Fax: | | 9662.664.0070 (Weekends: Thu-Fri)
| | Site: | | www.hartt-consulting.com |
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