This 4-Star hotel apartment is located in one of the prime areas in Burdubai. The current owner leased a shell and core building and transformed it into a luxurious hotel with high-end amenities. This hotel has quickly earned a solid reputation, with high occupancy rates year-round. What’s truly remarkable is that the investor will break even in just four years, enjoying a solid 25% Return on Investment. More than a hotel; it’s a story of transformation, success, and a fantastic return on investment.
FINANCIALS: Average room rent:
During peak seasons:
Studio: 500-800 AED/day
1 BR: 650-950 AED/day
2 BR: 1400 AED/day
During off-seasons:
Studio: 300 AED/day
1 BR: 500 AED/day
2 BR: 750-950 AED/day
Revenue: 11.75 Million AED
Net profit: 4 Million AED
LEASE IS EXTENDABLE AFTER 15 YEARS
Lease period is for 15 years, now 1 year completed, 14 years remaining (can be renewed)