Newly Established Hotel Investment Opportunity in Reykjavík, Iceland

Business in Reykjavik, Iceland constructing a hotel near the airport seeks funding to begin construction.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels
Locations  Reykjavík
Local Time 10:20 AM Iceland
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 11 million for 40.0% stake (Native Currency: ISK 1,500,000,000)
Reason: To begin construction once the land has been purchased. We have raised the necessary funds for the i... View More
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- A Hilton hotel business, based in Reykjavik, Iceland.

- The business is still in the pre-revenue phase.

- The land has been identified and we will be purchasing the land by next month. It is currently owned by a township in Keflavik.

- The hotel once constructed will have 300 rooms. We will also be constructing a hostel next to the hotel which will have 400 rooms.

- Hotel will also have a swimming pool, restaurant and theater hall.

- We expect to complete construction within the next 3 years.

- The hotel will be mainly for businesses purposes and conferences, but can also accommodate individual stay.

- The location is near the airport so we expect many bookings from air force personnel and tourists.

- Business does not currently own any physical assets.

Products & Services Overview

Hotel will have 300 rooms, and hostel will have 400 capsules. Hotel will have swimming pool, restaurant, conference facilities and theater.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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