Profitable 4 Star Hotel with Diverse Commercial Outlets for Sale in Dubai

• BXB Listing ID :

  13748

• Type :

  Buy Business

• Business Type:

  Business

• Business Name:

• Country:

  United Arab Emirates

• State:

  Dubai

• Area:

  Other/Not Disclosed

• Asking Price:

  18,000,000 AED

• No of Employees:

  194

• Year Established:

  2006

• Annual Revenue:

  27,930,000 AED

• Trade Licence:

  Mainland

• Total Net Assets:

  18,287,000 AED

• Inventory Value:

  1,200,000 AED

• Real Estate:

  Leased by the Business

• Lease Terms Description:

  10 years lease agreement

• Information on transition to New Owner:

  Support will be provided during the transition period.

• Audited Financials available
• Debt Free
• Management to remain in Business

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Business Overview

This well established Hotel was first opened in 2006 and is located in a vibrant part of Dubai. It has over 20 storeys of rooms with great views of Dubai. The location of this hotel makes it a popular choice among both business travellers and tourists.
The hotel has 8 F&B outlets amongst which are a well-frequented bar, a night club with live music, a cafe, 2 restaurants featuring different popular cuisines and outdoor shisha lounge. The hotel also has a spacious pool, spa and health club, beauty salon, equipped gym and a gift shop.
The hotel offers Classic Double or Twin rooms, Deluxe Double or Twin rooms, Family Suites, Skyline Classic and Deluxe rooms and Executive Suites. There are over 250 rooms, all stylishly furnished and equipped with luxury bathrooms and satellite TV. Every room has a work desk, mini bar and internet connection.
The building of the hotel is leased on competitive conditions.
The hotel is professionally managed and has 194 experienced employees. The business also has its own staff accommodation building which can be included in the sale if the potential buyer wishes, the price will be additionally discussed.
The hotel has been extremely well-maintained and is continuously upgraded to very high standards. The Hotel has a very good rating on booking sites and has earned a Certificate of Excellence from Trip Advisor. The average hotel occupancy is 82% which is significantly higher than the industry average. The business has good financial performance which can be confirmed by their audited reports prepared by an international audit firm. Hotel valuation is also available.