Newly Established Luxury Hotel for Sale in Yerevan, Armenia

- Luxury boutique hotel industry opened in December of last year, located in the city center of Yerevan.

- With a remarkably high yearly occupancy rate ranging from 80-100%, the hotel has demonstrated strong demand and desirability in the market.

- The hotel offers 17 rooms, an outdoor café, and a parking area, spanning a total area of 755.5 square meters. Notably, the hotel has successfully accommodated over 1,000 guests in just four months of operation.

- Situated 1.2 kilometers from the city center and in close proximity to a metro station, the hotel benefits from a convenient and accessible location, being just a 7-minute walk away from the Republic Square.

- The hotel has established a strong presence on prominent booking platforms such as booking. com, Expedia, and Bronevik, indicating a proactive approach to marketing and distribution channels.

- The business has cultivated robust partnerships within the tourism industry, including strong connections with the Armenian Tourism Federation, touristic companies, a major Georgian travel company contributing to 30% of occupancy, and a Persian travel company accounting for 10% of occupancy.

- Additionally, the hotel has forged connections with Azimuth Airlines, leveraging these relationships to accommodate their staff during flight disruptions.

- The reason for the high growth in annual turnover from last year to this year is that the hotel started operations in December of last year.

The hotel has 17 rooms, outdoor cafe, 5 floors, and a parking area in a total of 755.5 sq meters.

It is a working hotel, in only four months we accepted 1,000+ guests.

Located 1.2km away from a city center and near the metro station. 7 minutes walk away from the Republic Square.

Well established on booking. com, Expedia, Bronevik.

Tangible Assets.

Real Estate: The land and the physical structure of the hotel itself.

Furnishings and Decor: Beds, sofas, tables, lamps, artwork of famous local designers, and other decor items.

Equipment: Kitchen appliances, cleaning equipment, boilers, HVAC systems, computers, and office equipment.

Inventory: Food and beverage stocks, cleaning supplies, toiletries, linens, and uniforms.

Vehicles: Any vehicles owned by the hotel for guest transport or operational purposes.

Signage: Exterior and interior signage.

Renovation and Maintenance Supplies: Materials used for the upkeep of the property.

Security Systems: Cameras, alarms, safes, and other security-related equipment.

Intangible Assets:

Brand Identity: The hotel's brand name, logo, color scheme, and other elements contribute to its unique identity.

Goodwill: The established reputation and customer relationships that contribute to future income. Georgian travel company, who is our biggest collaborator, ensures 40% occupancy monthly. Azimuth airlines-20%, and the rest comes from the Booking. com or from our website.

Operational Systems and Protocols: Proprietary systems for reservations, guest management, housekeeping schedules, and other operational processes.

Licenses and Permits: Liquor licenses, operational permits, health and safety certifications, and any other legal documentation required to operate the hotel.

Contracts: Existing contracts with vendors, service providers (like internet, TV, and maintenance services), and any ongoing event or corporate agreements.

Website and Online Presence: The hotel’s website, domain names, and profiles on social media platforms or travel review sites.

Intellectual Property: Recipes for signature dishes, custom-designed uniforms or decor elements, and any copyrighted or patented material.

Customer Data: Information about past guests, loyalty program details, and guest preferences.

Staff Expertise and Loyalty: The trained and experienced staff whose knowledge about the hotel’s operations adds value. (12 workers)

Market Position and Network: Established presence in the local hospitality market, including relationships with local businesses, tourism boards, and other hotels.

Own hotel building and property of 5 floors, 755.5sq meters. , has a parking area and a rooftop cafe.

Located is the city center of Yerevan, Armenia.

The business was funded partially through the loan taken from the bank and partially from savings.

The business is sole proprietorship.