Hotel Seeking Loan in Jeddah, Saudi Arabia

Hotel developer and operator in Jeddah seeking funds to complete a new hotel project.

This transaction has concluded.

Established	20-30 year(s)
Employees	100 - 500
Legal Entity	Limited Liability Company (LLC)
Reported Sales	Nil
Run Rate Sales	Nil
EBITDA Margin	Nil
Industries	Hotels
Locations	Jeddah
Local Time	2:06 AM Asia / Dubai
Listed By	Business Owner / Director
Status	Active

6.8 / 10

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Seeking Loan

USD 10 million for 12.0% annual interest, 3 years (Native Currency: AED 35,000,000)

Reason: Need to purchase fit out and furniture to complete the project.

Collateral Available: USD 0

Includes physical assets worth USD 300 thousand

Interested to connect with advisors

Business Overview

- We are a hotel developer and operator in Saudi Arabia with over 4,000 rooms in cities all over the kingdom.

- Have been in this business over 18 years and we possess a solid understanding of the lucrative hotel market in KSA along with sound local knowledge.

- Looking for an investor to come in on one of our hotel project in the city of Jeddah, which is currently under construction (95%) complete.

- It is a 4-star hotel with 130 rooms in one of the most prominent shopping districts in Jeddah. Need fit out and furniture to be operational.

- We would start operations in 6 months once we receive the funds.

- Huge potential for development and expansion in other projects with the right investor.

Products & Services Overview

Hotel has 19 floors with 130 total rooms out of which 84 single rooms, 42 suits and 4 royal suits.

Facilities Overview

Land is leased.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Business Development Associate, Riyadh, Business Broker connected with the Business
Earlier than 15 days
CEO, Milan, Financial Consultant connected with the Business
Earlier than 15 days
Business Consultant, Cape Town, Business Broker connected with the Business

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