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-- Hotel/Guesthouse -- Bangkok and Vicinities -- Bangkok -- Phnom Penh --   GE Edit
02/02/2017

0102015 29 Room Hotel in Riverside Phnom

3 850 000
pic 0102015 29 Room Hotel in Riverside Phnom tn 1 0102015 29 Room Hotel in Riverside Phnom tn 2 0102015 29 Room Hotel in Riverside Phnom tn 3 0102015 29 Room Hotel in Riverside Phnom tn 4 0102015 29 Room Hotel in Riverside Phnom
29 Room Hotel in Riverside Phnom Penh
Location
Listing No. 855-01-02-015

• Business: Hotel
• Location: Riverside, Phnom
Penh, Cambodia
• Features: This 29 room hotel
enjoys a great location in the
Riverside Tourist Area of Phnom Penh,
Cambodia. A good mix of business and
vacation guests provides a good steady
year-round income. Many of the guests
are repeat customers, coming 2 or 3
times a year for an average of 7 days
stay. As well as the hotel rooms,
there is a ground floor restaurant
which provides guests with cooked a
la’carte meals from 6:30am until after
9pm daily. The business is fully
staffed with cooks and severs. The
restaurant can seat 28 diners both
indoor and outdoor on a viewing deck.
An extra income flow is generated by a
busy laundry on the 5th floor which
not only provides for in-house hotel
linen, but also guest’s laundry and
linen services for a number of other
locations nearby. The revenue of this
unit is in excess of $2,000 per month.
A long lease is in place with a ground
rental of $6,200 a month. The lease is
up for renewal in 2025. The hotel is
staffed by loyal Cambodians, some of
whom have been on the team for 6 years
or more and have a wealth of knowledge
of the hotel and associated services.
With 4 accommodation floors, serviced
by an elevator, the hotel is primarily
non-smoking except for the restaurant
and lobby areas. The hotel has
excellent IT systems both internal for
the hotel and restaurant management,
but also externally with a well-
positioned website and with a strong
social presence on Facebook and
Google+. The majority of bookings come
from online travel agencies
Booking.com, Agoda and Expedia. These
agencies have the hotel listed high on
their rankings. A growing opportunity
is the continuing growth in online
bookings direct with the hotel, which
saves on paying extensive commissions
to outside agencies. New owners have
a choice, take over a smoothly
operating three star hotel, or invest
in some upgrades to move the room
level income expectations to a higher
level. Unfortunately the current owner
has had a dramatic health event and
has decided that family is more
important than business.
• Tenure: Business Sale and
Rent (Leasehold Premises). 8 years.
• Asking Price: USD 110,000
• More Information: Please
contact us for more detailed
information (we require your name,
phone number and e-mail address)
Send email to advertiser Asian Business Brokers staying in Thailand or call: ##########.
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