Listing Id: 1615
Total Views: 3485
(Sold) 5 Star Hotel In China For Sale
Jiangsu
Date Closed: 01/04/2015
Asking Price: $1M - 5M
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
$0
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Rental Desposit
N/A
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Revenue
$10,000,000
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Liability
N/A
-
Gross Profit
$10,000,000
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Net Profit
$10,000,000
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Stock
N/A
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FFE
N/A
-
Payable
N/A
-
Receivable
N/A
-
Owner Role
Part Time
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Staff
0
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Established
2015
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Source
Direct Seller
Reason For Sale
Management is aging
Description
Description
· Well-known, top 5-star hotel in Yangzhou
· Lavish and well-positioned accommodation located in the Central area
· Building has a total of >20 stories, including undergound carpark. There is also an outdoor carpark
· >250 stylist guest rooms in total, including 1 presidential suite
· Facilities include business centre, restaurants, Grand Ballroom, several conference and event rooms, outdoor pool, gym room, KTV, Full Spa, card rooms, table tennis rooms, outdoor tennis court, snooker room, library, internet room
Statistics
· Owner looking to divest property and entire operations at RMB750m
· Annual revenue over the last 5 years averaged at RMB60m (Rev/Price = 8%)
· Monthly occupancy rate per year averaged at 80% (99% at peak periods) with stable average room rates