Five Star ApartHotel, Downtown Dubai For Sale

By Dev Anand | 17 June 2019

Location: Close to Dubai Mall, Dubai UAE

Name: TBA

No. of Keys: 245

The Property: The hotel opened in late 2018 and is presented to a very high standard. The land area is 46,624 sq. ft.

The rooms are a mix of studio apartments 40%, one bedroom apartments 30% and two bedroom apartments 30%

Restaurant, Bar (Dry of alcohol), Pool, Conference room (250 sq. mtrs.), Spa & Gym (134 sq. mtrs.) Shop, 261 car parking spaces.

Occupancy since opening 70%

The sale is for the company and shares held in an offshore SPV.

Main Photo: The Dubai skyline

Tenure: Freehold – unusual for Dubai

Brand/Management: There is a 20-year management and brand agreement in place with a well-respected international brand

Current Owner: Private family

Yield/Financial: Hotel opened late 2018. Business plan available on signing NDA

Guide Price: AED 420m – US$115m or £90m

Guide Price per Key: AED 1,714,285

Date Posted: June 2019

Agent: Luxury Property Dubai in partnership with The Hotel Property Team

THPT Comment: This brand new hotel has completely opened and is in a great location. Reputable international brand in as management.

Contact us for further information

 

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

 

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email [email protected].

Posted in Available, Hotels Available