EUR 6,350,000 MOROCCO. 198 Room Repossessed Hotel

  • Bedrooms: 1
  • Bathrooms: 0

 
• Purchase Price: €6.35M 
• Transaction Fees: €637K 
• Refurbishment Cost: €3.56M
• Total Project Cost: €10.55M 
• Rooms: 198 
• Grading: 3-star Premium / 4-star 
• Purchase cost per room: €35,000
• Finished cost per room: €53,000
 
 
INVESTMENT HIGHLIGHTS
 
• Prominent city centre location in Marrakesh on the main road to Casablanca
• Current land valuation for the site of approximately 10M to 12M euros
• Price agreed with bank and payment structure agreed in stages over a 9-month period
• Offer in principle for drawdown loan facility, with up to 5M euros over 10 years at 5.5%
• Management offers obtained from both Wyndham (Ramada Encore) and Hilton Garden
• 1-year turnaround time for full hotel renovation and refurbishment, reopening Jan 2019
• Target exit value for hotel forecast at 15M after 5 years and 18M after 10 years
 
 
PROFITABILITY FORECAST
 
• 3-year investment: 22.80% annualised ROI
• 6-year investment: 30.72% annualised ROI
• 12-year investment: 35.89% annualised ROI

 

PLEASE COMPLETE THE ENQUIRY FORM TO RECEIVE FULL DETAILS.

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