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Resort for Sale in Muscat, Oman

For Sale: Muscat based 4 star resort that has 100 rooms and a private beach.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 900 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Resorts
Locations  Muscat
Local Time 2:41 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 2.7 million (Native Currency: INR 200,000,000)
Reason: Looking to sell the resort due to Covid, and the MD is shifting focus to businesses in India.
Includes physical assets worth USD 2.7 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- The resort was fully renovated 2 years back, and all the interior setup is new.

- There are a total of 100 rooms.

- The hotel has not been operational since last year, due to the pandemic.

- There is huge potential to develop the hotel further and this is one of few hotels in Oman with a private beach.

- Resort is built on land of 63 acres, that is only developed 20%.

- Liquor license is available.

Products & Services Overview

4 star resort that has - 3 restaurants, 3 bars, private beach, 100 rooms, banquet hall - indoor & outdoor, huge lawns, chalet type rooms, large parking area, pool, gym, spa, tennis courts, indoor squash.

Assets Overview

All furniture and fixture such as cots, tables and chairs, all bed & linen such as mattress, duvet, sheets and coverall, kitchen equipment such as freezers, chillers, cooking range, SS tables and all TVs, Fridge, ACs, sports equipment.

Facilities Overview

Resort is built on a land of 63 acres, and is leased for 15 + 15 years, and is renewable post this period.

Recent Activity
  • 3 days, 13 hours ago
    Owner, Riyadh, Financial Consultant connected with the Business
    4 days, 1 hour ago
    Business sent a proposal to the Investor / Buyer
  • 3 days, 15 hours ago
    Marketing Manager, Chennai, Business Broker connected with the Business
    4 days, 1 hour ago
    Business sent a proposal to the Investor / Buyer
  • 3 days, 16 hours ago
    Proprietor, Mumbai, Accounting Firm connected with the Business
    4 days, 1 hour ago
    Business sent a proposal to the Investor / Buyer
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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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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