Advert ID:513 / Seller Reference:Swisscare UBOPS sale / Type:Business For Sale / Sector:Hotels / Location:Egypt

Unique Multi Purpose Resort Hotel for Sale

Opportunity Summary

The Swisscare Nuweiba Resort Hotel is a unique property with 96 rooms, all with connecting doors, permitting it to be operated in any format from 48 suites to 96 standard rooms. Currently under soft opening, the resort is operating with half of its rooms, 5 restaurants and bars ( two of them outdoors ), a large freshwater pool, shops, dive centre, reception and a large spacious sandy beach with own coral reef.

With moderate additional investment the resort could be completed with all rooms being fully operational as well as a large multi-purpose hall that has already been built but not finished.

The multi purpose hall could be the site of a casino that could be opened on the property as the close connections to Israel and Jordan make the site potentially an interesting casino destination.

The size of the registered land measures over 20000 m2, with an additional 20000 m2 that can be used exclusively by the hotel for car-park and beach. The area of contruction is almost 8000 square metres on two floors, plus paved areas and pool.

It is possible to erect further buildings if constructed in wood ( such as a wellness centre ) and the property has first option on acquiring additional land on the other side of the road so allowing considerable future expansion.

The hotel has already gained excellent guest reviews on the various travel websites such as and is now being sold by tour operators in the UK, Germany and Switzerland as well as generating business through the hotel's own website.

It is expected that the hotel will be classified as a 4 star property but with extra investment it could actually attract a 5 star grading.
The hotel is for sale as it is but other proposals such as long term leasing or entering into a partnership can be considered.


Years Established:
1.5
Property Details:
96 room resort hotel on 20000 square metres of land with additional 20000 square metres for exclusive use by the resort for beach and parking. Large fersh water pool. Restaurants & bars, shops, reception and hall. Total built on area of 4000 square metres ( almost 8000 metres construction as on 2 floors ), plus paved areas and pool.
Sales Revenue:
2008 estimate of over US$ 10 million.
Net Profit:
2008 estimate of over US$ 3 million.
Inventory/Stock Value:
US$ 1750000 including equipment, plus US$ 3500000 for construction and US$ 1250000 land value
Asking Price:
US$ 6500000

The resort from the sea

The pool

Satellite picture of the resort

 
 

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