Sell 4-STARS HOTEL FOR SALE

4-STARS HOTEL FOR SALE You May Also Be Interested In: bong dubai land ground floor room rent shisha
Location; Rigga Road Dubai - The most Busy Tourist area of Dubai
Land Area ; 16,000 sq ft
Gross Built-up Area 115,300 sq ft
Building ; G+ 8 (2/3 years old)
Ground Floor ; Reception & front office , coffee shop, guest and service elevetors and
cark park
1 st floor ; Billa bong Disco , Iranian Night club & Restaurant,5th avenue bar and
kitchen
2nd Foor ; Arabic night club & kitchen, management offices, Business centre and
stores
3rd to 7 th Floors ;
Twin rooms14
King rooms 10
Queen rooms 4
H/K pantry room 01

Total letting rooms
a. Twin Rooms 37
b. King rooms 60
c. queen Rooms 20
d. Royal SUIT 01
TOTAL ; 118
Swimming Pool. health Club and shisha Club

Income
from Room Rent Summer
( May to October) :
Room Rent
Single AED 550
Doulbe AED 750
R. Suit AED 2500
Corporate Rate 600/room
Occupancy 100% but here I will calculate 95 %
Total Room income during Summer will be
600( Multiply By) 142rooms (Multiply by) 180 days
= AED 15,336,000
Approx AED 15.3 millions

Winter (November to April) ;
Room Rent
Single AED 650
Double AED 850
R. Suit AED 3,000
Corporate rate AED 670/room
Occupancy 100 %
Total Room Income during winter will be
670 (Multiply by)150 rooms (multiply by) 185 days
= AED 18,925,500
Approx AED 18.9 millions


Income from out-lets
( night clubs and restaurants)
AED 5500 each dailly for 11 months
AED 5500 (multiply by) 6 (multiply by) 335 days
= AED 11,055 , 000
Approx AED 11.00 millions

TOTAL INCOME ;
15.3+18.9+11= AED 45.2 millions


Taxes , Managerial and operational Expenses

Taxes ;
10 % on sales . . Total sales = AED 4.5 Millions Managerial Expense.
Salaries= AED 120,000 for 12 months =AED 280,000
Purchase of food & beverage=AED 130,000 for 11 months =AED 570,000
Publicity and Promotions= AED 50,000
Total = approx AED 2.70 Millions
Operational Expenses
Water & Electricity Bills =40,000 for 12months = AED 360,000
Transport & Telephones average 10,000 for 12 months =AED 120 ,000
Yearly Renewal of License =AED 100,000
Yearly Fee of Local Sponser =AED 100,000
Total approx 0.78 AED millions

Total Expenses ; 4.5+2.7+.78= AED 7.98 Millions

Net operating income ( NOI)
AED 45.2- 7.98 = 37.02 millions

Asking Price US$ 34.5 Millions