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Luxury Hotel In China For Sale

China
Asking Price:
$46,000,000 (USD)
Sales Revenue:
$6,500,000 (USD)
Cash Flow:
$6,500,000 (USD)

The Hotel is located in the heart of the city, which enjoys convenient transportation and is only one hour away from Shenzhen city and Hong Kong by boat.

The Hotel has various types of guest rooms, business center, multi-functional banquet hall, KTV bar, gym, tea house, Chinese and western food restaurants, clothing stores, leather goods stores and other facilities. The hotel is suitable for business and holiday travel.

The Hotel with 191 employees opened in the year of 2000 and was renovated in 2011. It is 19 floors high and has 291 guest rooms.

In 2019, the actual operating revenue of the Hotel was RMB 42.33 Million (US$ 6.5 Million), net profit was RMB 1.57 Million (US$ 241,000), and total assets were RMB 103 Million (US$ 15.8 Million). Based on December 31, 2019 as the base date of evaluation, the Hotel's appraised value is RMB 363 Million (US$ 56 Million).

Shareholder of the Hotel intends to sell 100% of its equity at a price of RMB 300 Million (US$ 46 Million).

Please be noted: The Hotel is located in Mainland China (The People’s Republic of China). Any interested party needs to show proof of funds and lock up the funds for purchase purpose.

Contact Horwen Risk Advisory Services Limited

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