4* Boutique Hotel situated in Cape Town for sale

4* Boutique Hotel situated in Cape Town for sale

 

R140,000,000

Property ID :

 None

Description

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