4* Boutique Hotel situated in Cape Town for sale

4* Boutique Hotel situated in Cape Town for sale

Hotel category: 4*

Number of Rooms: 46

Location: Cape Town

Hotel operator:

• Operated by current owner
• New owner will have to provide own management

Purchase price: R140,000,000

Net Income: Approximately R14,000,000

Net Yield: Approximately 10%

Amenities and other defining features:

• Excellently located in a busy tourist area
• Includes commercial revenues of R1,100,000
• High occupancies
• Opportunity to develop more rooms