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Luxury Hotel In Marrakech For Sale

Marrakech, Marrakech, Morocco
Asking Price:
$1M - $5M (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$50K - $100K (USD)

The hotel is located 25 minutes away from Marrakech city center, the largest touristic area in Morocco and elected third best touristic destination of the world by TripAdvisor (traveler's choice).
The project is forecast to have more than 40 rooms, but it is already in exploitation.
The part already exploited has 14 rooms, a spa, a hamam, a large swimming pool and a large garden.
The land has a total surface of 30 000 sq meters, of which 1520 are already built. it hs the athorization for several 2-floor buildings, for a total built surface of 3000 sq meters.
In it's current state, the hotel has 54% occupancy on average (100% during the week-ends, and 35% during the week), but it is managed only by the owner and his wife, so it has the potential to grow quickly if managed by a hotelier, after it is fully developed.
The hotel has an 8.5 rating on Booking and could yield much more if managed by a professional.
The hotel offers many activities including jet-ski (it is close to a lake), quad biking, paragliding, hiking, and more.
As it is very close to Marrakech, it can also offer visits of the cityh, while the clients can profit from the calm and the breathtakingly beautiful sight of the desert while at the hotel.
Other facilities include Wi-Fi and T.V. in all rooms.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Rooms for personnel.

Location:

25 minutes from Marrakech city center, Morocco, near to the Lalla Takerkoust lake.

Premises Details:

Close to city center and close to a lake, the environment is desert-like and the hotel is like an oasis, but still close to everything.

Size in square feet:
323,000
Planning Consent:

Authorization already granted for 40 more rooms, for a total ground surface of 3000 sq meters.

Business Operation

Expansion Potential:

The authorization to build 40 more rooms has already been granted. The acquirer may also want to buy the lands nearby in order to keep expanding, or buy a hotel inside the city in order to give a mixed offer to the clients, with part of the time in the city and part of the time outside the city. This kind of offers actually pleases the clients, who like to be able to profit both from the city and the countryside during the same travel.

Competition / Market:

Competition for this hotel comes mostly from similar luxury hotels located nearby. This market segment is more attractive than mainstream hotel businesses because margins are higher, but there are barriers to entry (authorizations needed since they are outside the city), so there are not so many competitors. The existing competitors are much farther from the city and may not be as attractive because of that. A more serious competitor is Airbnb, but the level of service and activities proposed makes the difference for the client. Plus : there are not many houses nearby since it is outside the city, so the competition is highly reduced from that part.

Reasons for selling:

The owners are going into retirement.

Trading hours:

24/7 operation

Employees:
6
Years established:
5

Other Information

Support & training:

Our team of experts can help the buyer building the extensions and marketing the hotel. We can also match him with an international chain in order to brand his hotel.

Financing available:

50% financing available from a local bank. We can arrange and negociate the loan on your behalf.

Furniture / Fixtures value:
$60,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

Contact Information

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