This upmarket 4-star landmark boutique hotel is based in Gauteng. The business is fully operational and sold as a going concern. Offering 50 rooms, five event venues, a beauty spa, and a restaurant, this is a good quality asset in a sound location and with five reliable income streams.
This upmarket boutique hotel is situated in a green and tranquil environment, with easy access to the OR Thambo International Airport, shopping malls, restaurants, private hospitals, tourist attractions, and historic sites.
This Boutique Hotel stands for a unique atmosphere, excellent personal service, and outstanding cuisine, all at reasonable rates.
This would be an ideal acquisition by a hotel group which will allow diversification and reduce the costs and overheads through shared marketing budgets, increased purchasing power, and lower expenses.
The acquisition can be a cash-for-stock transaction or stock-for-stock transaction to facilitate an asset purchase or equity purchase. The business is offered as a going concern, including the property.
The financial records illustrate a solid growth with low management fees and a strong asset underpin. During the first six years, the business reached impressive revenue and occupation growth year on year and achieved a good recovery from the Corona pandemic during the last financial year.
The asking price includes VAT. All documentation is available for purposes of due diligence.