Hotel Seeking Loan in Ajman, United Arab Emirates
|Employees||10 - 50|
|Legal Entity||Limited Liability Company (LLC)|
|Reported Sales||USD 300 - 400 thousand|
|Run Rate Sales||USD 320 thousand|
|EBITDA Margin||10 - 20 %|
|Local Time||7:14 PM Asia / Dubai|
|Listed By||Business Owner / Director|
- Highly recommended furnished apartments in Ajman.
- Just 2 minutes of walking distance to the Ajman Corniche /Ajman Beach.
- The facility has 28 apartments.
- Our occupancy rate is 85.72%.
- We have corporate clients, online bookings, and walking clients.
We are a hotel in Ajman, with 28 apartments, a cafe, spa, and a restaurant.
Physical assets include the interiors of the spa, the cafe/restaurant area, and all the furniture and electric equipment in the building.
The facility is leased for 3 years and extendable for more than 10 years. The hotel has 28 fully furnished apartments the total size of the land is 2,255.47 sq ft.
There are 2 partners and 1 local as a sponsor with a stake of 51%, 25%, and 24%. There are no loans and the company is funded by saving previous employment and operational income.
Earlier than 15 daysDirector, Technology - ERP Solutions, Halifax, Individual Investor / Buyer connected with the Business