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Sea View Resort In Egypt With 722 Rooms For Sale

Hurghada, Egypt
Asking Price:
$60,000,000 (USD) Furniture / Fixtures included
Sales Revenue:
$5,000,000 (USD)
Cash Flow:
$2,500,000 (USD)

All new five stars overlooking the Red Sea in Hurghada with all the facilities.
Area is 59000 square meters which is more than enough.
Private beach, spacious rooms, four restaurants, food court, plenty of recreational facilities, aqua park, all rooms are sea front, 3 big swimming pools and 3 small swimming pools.

Potential profitable project with a new international management company.
The time is right, tourism in Egypt is booming, economical growth is promising.
Soft opening occupancy percentage is 100%.
Asking price is 60 million US$, the price dropped due to Dollar floatation and is negotiable.


If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Enough to accommodate the staff members.

Location:

Hurghada Red Sea Egypt overlooking the sea front.

Premises Details:

5 stars resort overlooking the Red Sea in Hurghada at its best location, with swimming pools, private beach, diving center, restaurants, recreational areas, managed by an international management company. A real potential successful investment.

Size in square feet:
635070.71 square feet
Planning Consent:

Extended already.

Business Operation

Expansion Potential:

Already a big resort and already expanded, should there be another usage of space you are welcome with new ideas.

Competition / Market:

All other resorts in the attractive area but the service and the facilities differ.

Reasons for selling:

Change in the business plans

Trading hours:

24/7

Employees:
300
Years established:
20

Other Information

Support & training:

For all staff members through the learning the development department in HR.

Furniture / Fixtures value:
$5,000,000 (USD) - included in the asking price

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