A Brand New Hotel With Views Of The Red Sea In Jeddah (MD96100)
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An iconic structure on Jeddah's prestifious North Corniche. A hotel with all-suites/all-apartments concept. The hotel occupoes the Northern Tower of the building, with its oen parking, entrance, lobby, elevators, back offices, laundry, restraunt and meeting room. Income projections and feasibility study are available at HARTT Hotel Consulting. 80% of rooms are resdy for outfitting, while other 20% will be handled over in fewe months. Financial indicators based on (175) units are: Initial Occupancy Rate:57%, Stabilization Occupacy Rate:75%, Weighted average room rate for: US$133, Expected GOP is 56%, IRR in 7 years of operation is 28%. HARTT Management will manage the asset on behalf of new owners.
Other Details: Number of Bedrooms: 15+, Number of Bathrooms: 15+
This property is located in: Ciddae, Cidde, Djedda, Djeddah, Djidda, Dschidda, Dzedda, Dzhidda, Dzida, Dzudda, Gedda, Gidda, Gido, JED, Jaddah, Jedda, Jeddah, Jida, Jidda, Jiddah, Juddah, Yida, Yidda, g'dh, jdh, jdt, ji da, jidda (Makkah, Saudi Arabia).
For more details about this listing please click here to access the webpage provided by listing owner.
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Lingfield Park Marri... Hotel ~ 0,428 km
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Hartt Hospitality Company (Real Estate Agent & Developer) from Saudi Arabia
About Hartt Hospitality Company
Hartt Hospitality Group is a consulting and management group. we provide all kinds of supports to the Hospitality Industry. We are one of the best consultants in the GCC region.