Hotel for Sale in Muscat, Oman
Established | 5-10 year(s) |
Employees | 50 - 100 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 26 million |
Run Rate Sales | USD 900 thousand |
EBITDA Margin | 10 % |
Industries | Hotels |
Locations | Muscat |
Local Time | 5:16 PM Asia / Muscat |
Listed By | Management Member |
Status | Active |
- Business operates a 4-star ten storied airport business hotel.
- Hotel has a built-up floor area of about 8,000 sq. m with 70+ rooms.
- Have amenities like a gymnasium, bar, restaurant, and spa.
- Hotel is built on a land parcel of 2,000 sq. m.
- Staff consists of 80+ highly experienced professionals.
- We have corporate tie-ups with all major airlines.
- Buyer will get the legal entity, land, and hotel building with all its assets.
- Reported sales of OMR 10 million are pre-Covid figures.
- The hotel was not operating last year due to the 4-month long lockdown in Oman.
- We suffered a huge drop in sales due to the slowdown in the tourism and aviation sector.
4-star hotel, 70+ rooms, specialty restaurant, spa, gymnasium, pool cafe, bar, and shisha cafe.
2,000 sq. m. land is worth OMR 700,000 and the hotel building is worth OMR 4.8 million.
All the assets owned by the hotel will be transferred as well.
10-floor hotel with a built-up floor area of 8,000 sq. m.
The land and the building are owned by us.
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Earlier than 15 daysChairman, Fahud, Financial Consultant connected with the Business
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Earlier than 15 daysOperation Manager, Tourism & Hospitality, Muscat, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysProprietor, Mumbai, Accounting Firm connected with the Business