Profitable and Popular Hotel in Hong Kong for Sale

Details of the Hotels are as follows:

Location: Kowloon, Hong Kong
Number of Floors: 23
Building Structure: Reinforced concrete construction with tiled external walls
Ground Floor Area: 1,278.17 square ft
Total Gross Floor Area: 27,851 square ft
Number of Guestrooms: 151
Elevators and Stairs: Two passenger lifts and two common staircases
Parking Lots: Accommodation for 2 mini buses
Hotel License: Hotel License granted by the Office of the Licensing Authority under the Hong Kong Home Affairs Department.
Occupancy Rate: over 95%
Aspect and View: Guestrooms on the highest few floors of the Hotel enjoy distant sea view towards southeast, while the other guestrooms have a building view either towards northwest or southeast
Transportation: about 150 meters away from the Subway Station of MTR Tuen Ma Line (5 minutes' walk to the Hotel), Public transport facilities including franchised buses, minibuses and taxis are readily available
Market Value: HK$585,000,000 (equivalent to about US$ 75.29 million as per the Valuation Report issued by Knight Frank as at 18 Aug. 2023 based on Income Approach – Discounted Cash Flow (“DCF”) analysis)
Ownership Structure: Hotel was held by a Company incorporated in British Virgin Islands. Transfer is easy and free from property transfer tax in Hong Kong
Asking Price: HK$430,000,000 (equivalent to about US$ 55.34 million)

It’s a perfect timing to acquire hotels in Hong Kong recently, for prices are tending to be reasonable.