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Viviun -> AD-126542 :  A Hotel Or Residantial Tower For Sale In Jeddah Saudi Arabia - Apartment Hotel For Sale in Jeddah, Corniche Saudi Arabia
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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)

Hotel View..Google Earth..Hotel Lobby..Sample Unit LR..Sample Unit BR..Sample Unit Modern..
Sample Unit Red..Pent_House..Window in Sky..


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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