Hotel and Resort for Sale in Sinai, Ras Sudr, Egypt

Hotel and Resort for Sale in Ras Sudr, South Sinai, Egypt

Full working 4star easily upgradable to 5star hotel and resort, 124 rooms and suites in Ras Sudr, South Sinai right on the Red Sea,very close to Moses Springs, Coptic Sites, Hammam Feroun and Al Waha Al Tayeba, which are popular attractions in the area. Hotel and resort built on 750,000m2,international airport to open in the area by 2009. Also an empty land (200,000m2) is available behind the hotel and resort which is suitable for further expansion. Price includes 1) Hotel and resort with all facilities listed below (on 750,000m2) 2) 200,000m2 empty land behind land 1. 3) All construction costs of extension area.... Value expected to increase by at least 20% after the airport is finished and operating.