Hotel in North Jeddah
With a 10% return
From the owner
Five-star furnishings
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Specifications
Location: North Jeddah
Classification: 5 stars
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Area: 4800 m2
Suites: 200 suites, 70 m2 and 55 m2.
Consists of:
Large halls: 5 halls, each hall accommodates 250 people with a dining hall for the same number for each hall with full equipment.
*Family wedding hall: 120 people with a dining hall for the same number.
Small events hall: 50 people with a dining hall for the same number.
*Conference, meeting, and training halls: 2 halls for 60 people.
Kitchen: Rented
Laundry: Central, under hotel management.
Operation: Self-operated.
General Income
Estimated at the lowest operating levels for suites at 50%, and large and small halls and conference, meeting, and training halls for 120 days a year, and rent of the kitchen and operation of the laundry = (18,250,000 + 20,000,000 + 2,500,000 + 1,000,000 + 1,000,000 + 1,000,000 = 43,750,000 SAR).
Operating expenses equivalent to 28% to 30%, which can be reduced, not increased.
43,750,000 * 28% = 12,250,000 SAR.
Net income = 31,500,000 SAR.
Cash required from the owner:
240,000,000 million, negotiable for cash buyers only, and no installments accepted at all.