50% Share of Boutique Hotel

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jwoolner72
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50% Share of Boutique Hotel

Post by jwoolner72 »

Our 7 room boutique hotel is currently rented with guaranteed income of $2300 per month for the next 4.5 years (split with 50% share to Cambodian partner). Income is guaranteed by legal contract! A great hotel, just 18 months old, based just 800m from Pub Street in the quickly developing Sok San Road. Plenty of room for expansion, the 7 rooms, restaurant and pool were stage 1. Imagine the possibilities!
http://www.thebotanicvilla.com
Lease for the whole site is subject to a 13.5 year lease agreement which guarantees equal share of any income for the duration of the legal contract. Full contracts available on request to [email protected].
I'd love to keep my share but unfortunately pressures in Australia mean I must sell soon. Offers over $185,000 welcome!
Globies
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Re: 50% Share of Boutique Hotel

Post by Globies »

jwoolner72 wrote:Our 7 room boutique hotel is currently rented with guaranteed income of $2300 per month for the next 4.5 years (split with 50% share to Cambodian partner). Income is guaranteed by legal contract! A great hotel, just 18 months old, based just 800m from Pub Street in the quickly developing Sok San Road. Plenty of room for expansion, the 7 rooms, restaurant and pool were stage 1. Imagine the possibilities!
http://www.thebotanicvilla.com
Lease for the whole site is subject to a 13.5 year lease agreement which guarantees equal share of any income for the duration of the legal contract. Full contracts available on request to [email protected].
I'd love to keep my share but unfortunately pressures in Australia mean I must sell soon. Offers over $185,000 welcome!
Im sure every cambodia ceo member has a spare 185000 dollars to play with especially to buy half of a property with a khmer person they never met.
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beaker
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Re: 50% Share of Boutique Hotel

Post by beaker »

185000 price divided by 1150/month, your half of income, divided by 12 months in a year is equal to 13.4 years just to make your money back plus you have to pay for other expenses? So you would work for 13 years and 6 months for free.
"i'm the one who has to die, when it's time for me to die, so let me live my life the way i want to"
jimi hendrix
Globies
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Re: 50% Share of Boutique Hotel

Post by Globies »

beaker wrote:185000 price divided by 1150/month, your half of income, divided by 12 months in a year is equal to 13.4 years just to make your money back plus you have to pay for other expenses? So you would work for 13 years and 6 months for free.
This is if the hotel in maxed out for 13 year in a row.

OP added one to many zeros.
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General Mackevili
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Re: RE: Re: 50% Share of Boutique Hotel

Post by General Mackevili »

Globies wrote: Im sure every cambodia ceo member has a spare 185000 dollars to play with especially to buy half of a property with a khmer person they never met.
Dude, it has "guaranteed" income for 4.5 years, by legal contract!

Let's go halves.
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bolueeleh
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Re: 50% Share of Boutique Hotel

Post by bolueeleh »

be gentle guys, lets look at it this way, if the business is really good and profitable, poster dun need to look for buyers on this forum :D
Money is not the problem, the problem is no money
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