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Asian Beachfront Resort
Location Malaysia
Asking Price Range $10.0M - $20.0M
Gross Revenues $3000000
Net Profit / Cash Flow $1000000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2001
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Description This Beachfront Resort for sale in Asia offers sun worshipers searching for a wonderful sunspot the chance to vacation/sabbatical in 5 Star Luxury Real Estate at less than a 2 Star price. This Beachfront Resort in Asia is actually a Condo-Apartment Beach Resort operating as a Luxury Hotel.
This exclusive property is part of the rapidly growing South East Asian Real Estate Market, which happens to have some of the best beaches in the world. The average land temperature is from 24-32 degrees Celsius (75-89 degrees Fahrenheit) year round. The average sea temperature is 24 - 28 degrees Celsius. Languages are: English, Chinese dialects, Tamil, Bahasa Malaysia, German, French and Japanese.
130+/- Suite Resort providing Twin Share accommodation for 500+/- Guests.
This Luxury Resort has Commercial Units, Penthouses, 2 Bedroom Suites and 3 Bedroom Suites, 3 Restaurant Areas, 6 Conference Halls, Reception & Offices, Kitchen and Shop, Business Center, Games Room, etc. Direct Beach Access, Retaining Walls, CTV throughout, Car Park for over 120 cars that is sealed! Land Area 2.78 Acres
The Resort has been in operation for over 7 years and has a Profit of $1,000,000+/- yearly, with only a 40% occupancy. This Resort caters to Business Conventions, Seminars, and other Group Functions and rents the Condos for the above functions. The Resort is Free and Clear and is not encumbered by any mortgages. A Buyer can continue the operation as is, or upgrade this property to a 5 Star Hotel.
Conversion Cost- Estimate of $4,000 (USD) per suite. This would not include additional furnishings. Asking Price- $14,000,000.
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