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708472 | Fantastic 4* Hotel with 100 Bed luxury Rooms Hotel

Fantastic 4* Hotel with 100 Bed luxury Rooms Hotel
Type: buy
Price€7.885.017,00
Seller
Quantity: 1
Availability: yes
Location: Murree , Pakistan

Fantastic 4* Hotel with 100 Bed luxury Rooms Hotel building completed in 2008 locate 8,500 ft. Above sea level in Pakistan.

The covered parking has a capacity of 12 Cars with an additional

capacity of about 25 cars in the open area around the building.

 

    (a) Individual owner (single person)
    (b) No foreign funding.
    (c) No debts
    (d) Hotel building completed in 2008
    (e) No air conditioning required as the Hotel is locate 8,500 ft.
         above sea level.

    (f) No legal liabilities.
    (g) The building is not very old so condition of electrical,
          plumbing and building is expected to be very good.

    (h) The building meets current building codes.

Only the fire extinguishers are placed in the Hotel building. No other

equipment such as smoke detectors and sprinklers are installed

thereat. On completion of the building in 2008, it was rented out and

the party currently running the business thereat, perhaps did not feel

to have these facilities.

 

And the major business is generated during summer season starting

from beginning of May until mid-September. Had a Hotel, with similar

features, been located at any of the major cities of Pakistan its asking

price would be more than PKR 3000,000,000 Million.

As the business over here runs at full swing during summers only, the asking price for

this Hotel is kept much lower because of the impediment. However,

the business does partly run during winters as well as it attracts the

snow lovers. No official financial information is available but, on the

basis of the information gathered through the Hotel staff, it ranges

between PKR 65-70 Million per annum.

Nonetheless, there is a potential to enhance the earnings manifold through effective

marketing, particularly when the present Government has decided to

boost tourism in Pakistan to the utmost.


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