|Please contact us at
089 869 019
or email at email@example.com for a meeting.
|Price: $200K OBO.
Lease deposit $20K
Terms: subject to credit evaluation.
Reason for sale: age and increasing health problems.
Successful Resort on Ochheuteal for Sale
There are very few opportunities in the 3-star boutique hotel sector available in Sihanoukville with a very good income/earnings ratio. Here is one if you want to have a change of life-style but still be able to live a normal life too, meaning you won’t have to put in 24/7 work hours. This small hotel has gained a very good reputation as is reflected on all booking portals. It is almost unique with its beautifully landscaped pool/garden area, which is also one of the main attractions of this hotel besides the tranquility it offers its guests. There is a full-service restaurant and bar serving a-la-carte breakfasts, lunch, and dinner, as well as cocktails. The 5x12m swimming pool is ideal for children too, and a nice place to chill for adults on the sun lounges. The beach is only 200 m or a 5-minute walk away.
A 45 KVA generator is on site to keep guests comfortable even during the infrequent power outages. 10 IP surveillance cameras with cloud recording and night-time security put guests at ease.
The hotel is listed on booking.com, agoda.com, expedia.com, as well as on this site, our own website and facebook. There is nice share of direct bookings, walk-ins and extensions (35%). The average stay in high season is 10 days, in low season 3 days, with quite a few repeat guests throughout the year. Guests are individual travelers from Europe, OZ/NZ, North America, and well-to-do locals. Advance bookings for this high season are very promising. We expect another good and profitable high season.
We have been here for 3 years so it is a turn-key operation. No further investments are necessary. We recently made additional improvements and have done regular maintenance work. So everything is in excellent working order. Complete computerized back office operation plus POS system in place.
The upcoming high season is a good time to get started and make money right from the start. A good marketing mix will ensure that. Experience in the business would be beneficial but the owner is willing to stay on for 1 or 2 months for free if required. The business is profitable.
Lease: 7 years remaining, with option to extend 10 more years, completely new lease can be negotiated if desired.
Average room rate: $48
Occupancy: 65% p. a., 85% in high season, 50% in low season
Earnings: 25% (before owner’s benefits).
We will not disclose any further details over the phone as a showing is vital for any further discussion. Please refrain from commenting – interested parties just need to contact us.