Sell 3/4 stars hotel at Riqqa Road Duabi-UAE

3/4 stars hotel at Riqqa Road Duabi-UAE You May Also Be Interested In: 3 stars ground floor shisha
3/4 stars Hotel At Riqqa Road

Location; Corner location at Riqqa Road
Land Area ; 14,500 sq ft
Gross Built-up Area 115,300 sq ft
Building Structure ; basement G+ 7 ( 07 years old)
130 Letting rooms with 07 Outlets
Basement; Cark Parking
Ground Floor ; Reception & front office , coffee shop, guest and service elevetors and
cark park
1 st floor ; Night clubs & Restaurant, Coffee shop and
kitchen
2nd Foor ; Night Clubs , management offices, Business centre and
stores
3rd to 7 th Floors ;
Letting Rooms 130
Roof Top ; Swimming Pool. health Club and shisha Club
Income details:

Income from room rents:
Summer (from May to October)

Rooms And Suites. Rent/day
1- Single. $232.24
2- Double. . $259.56
3- Suite. $327.87

Corporate Rate Occupancy Rate
$218.579 90%

Total Income During Summer: $8.197 mn


Winter (from November to April)

Rooms And Suites. Rent/day
1- Single. $259.56
2- Double. $273.22
3- Suite. $382.51

Corporate Rate Occupancy Rate
$259.56 100%

Total Income During Winter: $11.04 mn


Income from Out-Lets:
Night Clubs and Restaurants

Total Income/day No. of Days.
7 $1,515.15 335

Total Income from Out-Lets: $3.20 mn



Gross Annual Income: $22.43mn







Expense details:

Taxes: 10% Govt. Tax on the Total gross sales.

Tax Rate Taxable Income
10% $22.43

Total Tax: $2.24 mn



Managerial Expenses:

Details Amount Period Total
1- Salaries. $32,786.89 12 months $131,147.54
2- Purchase of Raw Material. $35,519.13 11 months $210,382.51
3- Publicity and Promotion. $13,661.20

Total: $0.74mn


Operational Expenses:

Details Amount Period Total
1- Water and Electricity. $10,928.96 12 months $98,360.66
2- Telephone and Transport(Avg. ) $2,732.24 12 months $32,786.89
3- Yearly Renewal of License. $27,322.40
4- Yearly Fee of Local Sponsor. $27,322.40

Total: $0.21mn



Total Expenses: $3.17 mn





Asking Price AED 122 Millions

The hotel is being offered for sale free of all below
1. Free of Tenant
2. 2. Free of any Loan / Mortgage
3. Free of any liability from Govt. Dept and private firms