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Hotel for Sale in Riyadh

SAR 1,000,000
Northern Ring Rd, Al Wadi Ar Riyadh, ,
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Fully licensed and established APART HOTEL located just minutes away from the seafront, in a quiet side street, offering a shop/ office, one three bedroom apartment, nine fully equipped individual hotel rooms (all with en suite bathrooms/shower), two studios complete with kitchen/dining room combination and nine one bedroom apartments that can accommodate up to 4 persons comfortably, situated on the first and second floors of the building. All areas of the property are easily accessible to persons with special needs. This property has tremendous potential and comes with a chance to obtain MEPA permits for the construction of 3 further floors. Partnership considered.

This business has been in operation for the past ten years and comes with all client / agent contacts. Owner would like to retire but will be very happy to help one get started.

Optional: For an additional amount there is the opportunity to buy or lease a fully equipped and very nicely furnished bar/restaurant at ground level which has its own clientele.

More details available upon request, please contact seller below for more information.

Address: Northern Ring Rd, Al Wadi Ar Riyadh
City:
Zip: 11552
Country: Saudi Arabia
Property Id : 18218
Price: SAR 1,000,000
Year Built: 2010
Asking Price: SAR 1,000,000
Annual Revenue: SAR 750,000
Net Profit: SAR 200,000
Employees: 10
Reason For Selling: Personal Exhaustion

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