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5 Star Hotels for Sale 2 Properties, 185 and 299 Rooms. One Is 5 Blocks From Emirates Shopping, Mall the Other Is 1 Block From the Beach.
Both Selling: $246 Mm +3% Usd.
 the Four 4 Star Hotel has 299 Keys (There Are Two Blocks of Accomodations, There Is a Hotel Block and Hotel Apartments)
 the Occupancy Is Approximately 90%
 the Net Operating Income Is Approximately $7,500,000
 the Cap Rate Is 8%
 Hotel Opened in 2010 Near Famous Emirae Mall.
 There Are 12 Floors Plus a Health Club
 the Square Footage of This Hotel Is 234,132
 the Hotel Offers a Restaurant, Meeting Rooms & Office Space
 the Operator of the Hotel Would Like to Stay On and Manage for the New Owner
 the 5 Star Hotel Seems Like a 7 Star, Really
 There Are 185 Keys
 the Occupancy Rate Is About 90%
 the Hotel Is 10 Minutes From the Beach
 This Is a Hilton Hotel
 the Cap Rate Is Low for Now As the New Operator or Owner of the Hotel Can Activate the Hotel Liquor License Which Is Easy to Do...Approximate Cap Is 5%
Al Barsha

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