Real Estate for Sale: , Oman, Hotel for sale In Oman - alkhwair

Asking Price: $30,000,000
Location: alkhwair
City: muscat
State/Province:
Country: Oman
Type: Business

LOCATION
The hotel located in Shatti Al Qurum (beach) area in the center of the government area very close to the ministries road & the Embassies, and crossing of the roads leading to grand Hyatt Muscat
Two minute to the public beach
Hotel details
the hotel opened in 1999 well known hotel in Muscat , have a good repetition and name .
the soft renovation completed in December 2006
Total plot area 930 M2
The building : Ground floor + 3 floors
Ground floor : concierge – luggage room - lobby area - reception - Lebanese restaurant (up to 35 cover ) - coffee shop ( up to 20 cover - board room - ( up to 40pax theater style )- guest toilet M.F - main kitchen - offices (general manager) - sales office - front office manager - business center - bank Muscat ( rented out ) - message center ( rented out )
first - second and third floor typical :
total no .of rooms (32keys):
24 standard rooms 12 with king size bed and 12 with twin bed
2corner suite ( one bedroom & hall)
2 junior suite ( one bedroom & hall with attach kitchen )
2 executive suite ( 2 bed room & hall with attach kitchen )
Hotel total revenue: for the current year till end of July reaches 817794 euro average monthly revenue of 116827euro
revenue for the month of November 2007 is 148900euro and an additional 3860 euro from bank Muscat and 970euro from message center
note : the coral hotel operated with out to serve any kind of liquor .
If we include the liquor in the hotel services the revenue of the F&B can be increased to 70% from the room revenue Coz. The profit margin of the liquor is very high and as per the comparisons of the other hotels serving liquor in Muscat we find that automatically the room occupancy and the hotel average revenue can easily reached 193420euro
asked 30000000euro
for more proposal and more business , do not hesitate to mail me : satanicoldvader@live.fr