Hotel for Sale in Hawally, Kuwait
5-star hotel with 5 restaurants, 3 ballrooms, 5 meeting rooms, health club (bestseller in Kuwait).
Premium Plan
| Established | 20-30 year(s) |
| Employees | 100 - 500 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 21 million |
| Run Rate Sales | USD 21.5 million |
| EBITDA Margin | 32 % |
| Industries | Hotels + 1 more |
| Locations | Hawally |
| Local Time | 9:29 AM Asia / Kuwait |
| Listed By | Management Member |
| Status | Active |
Full Sale
Asking Price:
USD
37.4 million
(Native Currency: KWD 11,500,000)
Reason: - Owner wants to sell the business and take care of other businesses.
- Need to continue the busine...
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Includes physical assets worth
USD
37.4 million
Interested to connect with advisors
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Business Name
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User Verification
Documents
Hotel F&B Facilities
(363.5 KB)
Hotel Facilities
(4.4 MB)
Hotel front
(49.7 KB)
Domain-Verification.pdf
(213.3 KB)
Ministry of Commerce Certificate
(517.6 KB)
Business Overview
- Luxury resort in the heart of Kuwait started 19 years back.
- Facility has 179 rooms, suites and apartments that offer sea, pool and garden views and have recently been refurbished to high standards.
- This is an award winning hotel (Kuwait's Leading Luxury Hotel award) with the best amenities such as rooms, clubs and accommodations.
- On average, we serve 1,000-1,500 persons per day including all the services dining, lodging, and tourist visitors.
- We have high review rankings on booking portals such as Tripadvisor, Booking. com and Google.
- Before Covid, our annual revenue was KWD 7.5-8 million.
- Business is registered on all leading online booking platforms.
- Facility has 179 rooms, suites and apartments that offer sea, pool and garden views and have recently been refurbished to high standards.
- This is an award winning hotel (Kuwait's Leading Luxury Hotel award) with the best amenities such as rooms, clubs and accommodations.
- On average, we serve 1,000-1,500 persons per day including all the services dining, lodging, and tourist visitors.
- We have high review rankings on booking portals such as Tripadvisor, Booking. com and Google.
- Before Covid, our annual revenue was KWD 7.5-8 million.
- Business is registered on all leading online booking platforms.
Products & Services Overview
- 179 rooms accommodation.- 3 ballrooms.
- 5 meeting rooms.
- 5 restaurants.
- Beach club.
- 4 swimming pools and a private beach.
- Ladies' saloon.
- Dive center.
- Fully automated smart parking to fit 425 cars.
- 5 beachside pergolas.
- 8 rental shops.
Assets Overview
Current assets: Cash in bank KWD 138,703, accounts receivable KWD 873,855, inventories KWD 85,580, fixed assets such as building, interiors, furniture and electronics KWD 21,375,880, other current assets KWD 4,311,059.
Facilities Overview
23,000 sq meter rented land with the resort building constructed by us and is segregated into 9 buildings, pool area, private beach, automated parking, adjacent to the food court and very close to well-known shopping districts.
Capitalization Overview
- Including bank and operation liabilities, the loan outstanding is KWD 6.2 million.- Business has 5 partners with 96%, 1%, 1%, 1% and 1% stake.
- All the partners are from the same family.
Recent Activity
-
Earlier than 15 daysAdvisor, Mattoon, Commercial Real Estate Broker connected with the Business
-
Earlier than 15 daysPrincipal, Dallas, M&A Advisor connected with the Business
-
Earlier than 15 daysFounder & CEO, Delhi, Business Broker connected with the Business
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