Profitable and Well established 5 Star Hotel in Kenya for Sale
About this business for saleProfitable and Well established 5 Star Hotel in Kenya for Sale
This well-established hotel is situated in Kenya, adjacent to the lakeside. The area is referred to as the great lake region or the Lake Victoria Basin. The hotel is strategically positioned to take advantage of this promising emerging market. Its proximity to the lake coupled with the convenience of available amenities like the Kenya Wildlife Impala Park makes the Hotel ideal for holiday-makers, tourists and business travelers alike.
Visitors consists mainly of corporate clients visiting for business assignments, catering primarily to high-end guests. The Hotel has already hosted a variety of VIPs, both local and international and is often the preferred location for a number of NGOs. The Hotel’s wide variety of customers has enabled it to enjoy a relatively consistent and high room occupancy rate year round.
Exceptional views as well as beautiful architectures, gardens and water features. Accommodation facilities includes 29 Rooms, 3 Apartments and 3 Conference Rooms, Business Centres, Restaurants, and much more.
The hotel also has feasible and viable expansion opportunities. The hotel has planning permission for another floor and is constructed so that a further 25 rooms can be accommodated. This will lead to an expansion of market share.
This is an extraordinary opportunity to acquire a well-operated 5 Star Hotel, with a strong foundation and solid business model in place, makes this a highly lucrative platform for a new buyer looking to manage a successful hotel business. Chain hotels or individuals can also expand their market share through acquisition.
Interested parties are required to sign a Non-disclosure Agreement (NDA) and must be able to provide proof of being good for an investment of at least R114,000,000.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.