Location: Close to Dubai Mall, Dubai UAE
No. of Keys: 245
The Property: The hotel opened in late 2018 and is presented to a very high standard. The land area is 46,624 sq. ft.
The rooms are a mix of studio apartments 40%, one bedroom apartments 30% and two bedroom apartments 30%
Restaurant, Bar (Dry of alcohol), Pool, Conference room (250 sq. mtrs.), Spa & Gym (134 sq. mtrs.) Shop, 261 car parking spaces.
Occupancy since opening 70%
The sale is for the company and shares held in an offshore SPV.
Main Photo: The Dubai skyline
Tenure: Freehold – unusual for Dubai
Brand/Management: There is a 20-year management and brand agreement in place with a well-respected international brand
Current Owner: Private family
Yield/Financial: Hotel opened late 2018. Business plan available on signing NDA
Guide Price: AED 420m – US$115m or £90m
Guide Price per Key: AED 1,714,285
Date Posted: June 2019
Agent: Luxury Property Dubai in partnership with The Hotel Property Team
THPT Comment: This brand new hotel has completely opened and is in a great location. Reputable international brand in as management.
Contact us for further information
This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.