0102015 29 Room Hotel in Riverside Phnom Penh Location

29 Room Hotel in Riverside Phnom Penh Location

Listing No. 855-01-02-015

 

 

• Business:  Hotel
• Location:  Riverside, Phnom Penh, Cambodia
• Features:  This 29 room hotel enjoys a great location in the Riverside Tourist Area of Phnom Penh, Cambodia. A good mix of business and vacation guests provides a good steady year-round income. Many of the guests are repeat customers, coming 2 or 3 times a year for an average of 7 days stay.  As well as the hotel rooms, there is a ground floor restaurant which provides guests with cooked a la’carte meals from 6:30am until after 9pm daily. The business is fully staffed with cooks and severs. The restaurant can seat 28 diners both indoor and outdoor on a viewing deck.  An extra income flow is generated by a busy laundry on the 5th floor which not only provides for in-house hotel linen, but also guest’s laundry and linen services for a number of other locations nearby.  The revenue of this unit is in excess of $2,000 per month.  A long lease is in place with a ground rental of $6,200 a month. The lease is up for renewal in 2025. The hotel is staffed by loyal Cambodians, some of whom have been on the team for 6 years or more and have a wealth of knowledge of the hotel and associated services.  With 4 accommodation floors, serviced by an elevator, the hotel is primarily non-smoking except for the restaurant and lobby areas. The hotel has excellent IT systems both internal for the hotel and restaurant management, but also externally with a well-positioned website and with a strong social presence on Facebook and Google+. The majority of bookings come from online travel agencies Booking.com, Agoda and Expedia. These agencies have the hotel listed high on their rankings. A growing opportunity is the continuing growth in online bookings direct with the hotel, which saves on paying extensive commissions to outside agencies.  New owners have a choice, take over a smoothly operating three star hotel, or invest in some upgrades to move the room level income expectations to a higher level. Unfortunately the current owner has had a dramatic health event and has decided that family is more important than business.
• Tenure:  Business Sale and Rent (Leasehold Premises).  8 years.
• Asking Price:  USD 110,000
• More Information:  Please contact us for more detailed information (we require your name, phone number and e-mail address)

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