There are very few opportunities in the 3-star boutique hotel sector available in Sihanoukville where the income/earnings ratio is as good as ours. Here is one if you want to have a change of life-style but still be able to live a normal life too, meaning you won’t have to put in 24/7 work hours. This small hotel has gained a very good reputation as is reflected on all booking portals. It is almost unique with its beautifully landscaped pool/garden area, which is also one of the main attractions of this hotel besides the tranquility it offers its guests. There is a full-service restaurant and bar serving a-la-carte breakfasts, lunch, and dinner, as well as cocktails. The 5x12m swimming pool is ideal for children too, and a nice place to chill for adults on the sun lounges. The beach is only 200 m away.
A 45 KVA generator is on site to keep guests comfortable even during the infrequent power outages. 10 IP surveillance cameras with cloud recording and night-time security put guests at ease.
The hotel is listed on booking.com, agoda.com, expedia.com, as well as our own website and facebook. There is nice share of direct bookings, walk-ins and extensions (35%). The average stay in high season is 10 days, in low season 3 days, with quite a few repeat guests. Guests are individual travelers from Europe, OZ/NZ, North America, and well-to-do locals. Advance bookings for this high season are very promising. We expect another good and profitable high season.
We have been here for 3 years so it is a turn-key operation. No further investments are necessary. We recently made any necessary improvements and have done regular maintenance work.
This is a good time to get started and make money right from the start. A right marketing mix will ensure that. Experience in the business would be beneficial but the owner is willing to stay on for 2 or 3 months for free if required. We are profitable.
Lease: 7 years remaining, with option to extend 10 more years, completely new lease can be negotiated if desired.
Average room rate: $48
Occupancy: 65% p. a., 85% in high season, 50% in low season
Current amortization: 12% (after owner’s benefits).
Price: $245K OBO. (incl. $20K deposit)
Terms: subject to credit evaluation.
Reason for sale: age and increasing health problems.
Please contact us at 089 869 019 or email at firstname.lastname@example.org for a meeting. We will not disclose any further details over the phone as a showing is vital for any further discussion.