Boutique Hotel for Sale in Khan Mittaph, Sihanoukville, Kam Pot, Cambodia

Ocean View Boutique Hotel Sihanoukville, Cambodia for Sale

The hotel has been newly renovated with the addition of 9 new rooms completed December 22, 2009.
Sale includes all fixtures, furniture, equipment, tools, etc.
The price is negotiable!.
The hotel enjoys a high yearly occupancy rate, low expenses and good profit with potential for much more. It also enjoys good Expat customers from around Cambodia especially Phnom Penh. The majority of guests are from Europe America, Australia, Russia, and Asia.
Cambodia is an easy place to conduct business with few restrictions. Easily available all year long visas and a general climate for favorable to foreigners. Sihanoukville is growing fast and is becoming Asia’s next “must go to “destination. The Sihanoukville airport is completed and will be open soon. With domestic flights from and to Phnom Penh and Siem Reap and international flights to Ho Chi Minh, Bangkok, Bali, Manila, and other South East Asia destinations, Sihanoukville will become a premier destination for vacationers. Cambodia enjoys one of the best long term out looks for sustained growth in the tourism sector as it has S.E. Asia’s most important ancient monument, Angkor, drawing hundreds of thousands of tourists yearly, and will continue to do so for many years to come.



Property Information
Real Estate: Lease
Lease Terms: The lease has 7 ½ half years left to run the renewal is assured. This is a strong lease with a very good landlord and long by Cambodian and Sihanoukville standards. Almost all foreign owned business here are leased and it has many advantages over ownership under present law. Investment can be recouped in 1+ year
Living Accommodation: Owner may live in one of the rooms or in the small room on the ground floor. This area could be converted easily to a larger room. There’s room for an owners apartment to Potential : be built if desired.
Location: the DevaRaja Villa Hotel situated at 14 Mithona street, Phum 4 Sangkat 4, Khan Mittapheap, Sihanoukville, Kingdom of Cambodia. This is the first street paralleling Ochhueteal and Serendipity Beaches. It is easy walking distance to the Golden Lions Roundabout and all the best restaurants and bars. This site is one of the most desirable in Sihanoukville.

Other Information
Expansion Potential: There is room for expansion of an additional 10+ rooms, large pool, shops[which are popular and profitable here] and the expansion of the restaurant is possible to the street side. The rental income of three small shops will result in about $1200/month in Income which is almost enough to pay the rent on the hotel. There is an active market for these small shops and new ones rent e shops can be built for very low cost.
Competition / Market: This hotel was only the second of its kind to be built in Sihanoukville. At present there are only 3 hotels in the same category i.e. upscale boutique style e other hotels in town tend to be guest houses or larger multi-story Khmer managed hotels aimed at the Cambodian market.
Support & Training: Seller will help the new owner in all aspects of training in the hotel systems, licenses ,taxes ,and gov’t regulations[which are few and easy to deal with].
Reason for selling: I purchased the hotel as a short term project. The pervious owner was adding 9 rooms and ran out of funds to complete the renovations. All construction has been completed to a high standard, and the hotel is 100% operational. So 2/3’s of the hotel is brand knew and earlier rooms have been reconditioned.
Hours of operation: 24/7
Owner financing: Owner will finance a portion depending the offer.
Furniture / Fixtures $55,000[included in the price]
Inventory/ Stock $10,000 [ included in the price]