Resort for Sale in Marsa Alam, Egypt
For Sale: 4 star deluxe beach resort along with a large attached vacant plot.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 50 - 100 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 4 million |
| Run Rate Sales | USD 5.4 million |
| EBITDA Margin | 10 % |
| Industries | Resorts |
| Locations | Marsa Alam |
| Local Time | 10:53 AM Europe / London |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
40 million
(Native Currency: USD 40,000,000)
Reason: Change in industry as we plan to focus on residential real estate construction.
Includes physical assets worth
USD
40 million
Interested to connect with advisors
Documents
Layout: Phase 1 and Phase 2
(79.1 KB)
Certificate of Incorporation
(218.5 KB)
Business Overview
Company owns a touristic beachfront project (total land size: 240,000 sq mt) on the Red Sea coast of Egypt and we are interested in selling the below:
Phase 1: Resort on 60,000 sq mt area.
- 4-star deluxe resort with 204 rooms that is operating for the last 10 years with tourist from European countries.
- The resort is temporarily vacant due to COVID-19. Prior to the pandemic, the resort used to operate at 80% occupancy rate.
Phase 2: Vacant plot of 180,000 sq mt (not commissioned)
- Have a vacant plot of 180,000 sq mt attached to the resort. The plot is licensed to construct summer houses, hotels, serviced apartments.
- Permitted / allowed built up area (BUA) is only 20% of the total plot area and the permitted building height is G+2.
- We have prepared a project report which can be shared upon request.
Company is registered in Egypt and full sale will include the resort, vacant plot and the legal entity of the company. Director is currently based in UK.
Phase 1: Resort on 60,000 sq mt area.
- 4-star deluxe resort with 204 rooms that is operating for the last 10 years with tourist from European countries.
- The resort is temporarily vacant due to COVID-19. Prior to the pandemic, the resort used to operate at 80% occupancy rate.
Phase 2: Vacant plot of 180,000 sq mt (not commissioned)
- Have a vacant plot of 180,000 sq mt attached to the resort. The plot is licensed to construct summer houses, hotels, serviced apartments.
- Permitted / allowed built up area (BUA) is only 20% of the total plot area and the permitted building height is G+2.
- We have prepared a project report which can be shared upon request.
Company is registered in Egypt and full sale will include the resort, vacant plot and the legal entity of the company. Director is currently based in UK.
Products & Services Overview
- 4-star resort with 204 rooms.- Vacant plot of 180,000 sq mt.
Assets Overview
Resort with 204 rooms, furniture & fixture. Assets also include the attached vacant land.
Facilities Overview
Company owned land of 240,000 sq mt.- Resort: The resort is constructed on 60,000 sq mt land.
- Vacant plot: The vacant plot size is 180,000 sq mt.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, London, Commercial Real Estate Broker connected with the Business
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