Location: Alongside Dubai Creek, Dubai, UAE
Guide Price: AED110m – Around US$30m
No. of Keys: 120
The Opportunity: The hotel sits on a total plot area of 23,631 sq ft and is Ground + 5 floors, plus a basement level and a rooftop deck. This is a brand new building, offering excellent build quality with well-designed and fully fitted rooms. It also has 2 retail outlets along the ground level, along with an all-day dining restaurant, a swimming pool with a poolside snack bar, a fitness centre, two meetings rooms, and a business centre. There are 30 parking bays available as well.
This is a fantastic location, with views over the water and the upcoming Dubai Creek Harbour development. It is in proximity to the renowned Palazzo Versace hotel and enjoys access to Al Khail Road, a major highway that allows for easy connectivity across Dubai.
The hotel is fully built and furnished, ready to open. JH
Main Picture: The Hotel exterior
Current Owner: Private family
Flag and Management: Free to new owner.
Financials: Nothing compiled…our local people can help to write a business plan
Agent: Local agent in partnership with THPT
Guide Price: AED110m
Guide Price per Key: AED916k – around US$250k
Date Posted: June 2021
THPT Comment: This is an opportunity to acquire a brand new four-star hotel, well located in Dubai at a great price. Flag and management free.
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”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
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.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.