| Date | Header | Price | ||
|---|---|---|---|---|
-- Hotel/Guesthouse -- Other Country -- _Other Country -- --
| Edit | |||
| 27/05/2006 | Apartment Hotel in Phnom Penh |
233 200 000 | ||
| BKK11395G - This truly beautiful colonial style Apartment Hotel has just become available in the heart of Phnom Penh, Cambodia, where it sits close to the Tonle Sap River, numerous Embassies, the Central Market and Wat Phnom. The current owner is moving on to pursue another business venture, and will reluctantly leave behind a newly renovated money maker, which earns annual profits of around 19,000,000 baht, from receipts of over 22,000,000 baht. The offering is on a freehold basis, and the new owner will acquire land measuring 1,600 square metres that has been valued at 27,200,000 baht, and a 4,050 square metre building, with approximately 50 apartments, that is worth 198,000,000 baht. The hotel is nicely priced, at market value, plus one and a half times earnings, meaning that the new owner will reap the dividends by gaining a thriving turnkey enterprise and beautiful furnishings as a bonus; on top of that the value of this beautiful building can only appreciate for years to come. With a five star rating, the enterprise boasts air-conditioning, two swimming pools, cable television, a gymnasium, direct phone lines, undercover parking and 24 hour security. Suites and apartments vary from one to three bedrooms, with kitchen, lounge and dining area. Prices vary according to room size and length of stay, with special rates for long stay guests. Sunbelt Asia has some impressive photos that we would love to forward to interested parties after the signing our confidentiality agreement; please contact us at your earliest convenience. Annual revenue 22,320,000 Baht ($558,000) Annual Owner's benefit (earnings before taxes and depreciation) 18,960,000 Baht ($474,000) Furniture, Fixtures & Equipment included in the Investment Price 233,200,000 Baht ($5,830,000) Your Total Investment to own this business 233,200,000 | ||||
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