Luxury Hotel Seeking Loan in Wadi Musa, Jordan
3-star hotel in Wadi Musa with 17 rooms seeking funds to complete renovation.
Premium Plan
| Established | 30-40 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 254 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Luxury Hotels |
| Locations | Wadi Musa |
| Local Time | 1:17 AM Asia / Amman |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
176 thousand
for
11.5%
annual interest,
4
years
(Native Currency: JOD 125,000)
Reason: - To complete the revolution and new extension building.
- Will start paying the loan back once the...
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Collateral Available: USD 280 thousand
Includes physical assets worth
USD
780 thousand
Interested to connect with advisors
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Business Name
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User Verification
Documents
Hotel Registration Certificate
(823.7 KB)
Hotel Establishment License
(914.5 KB)
Business Overview
- The hotel is strategically located in Wadi Musa, a gateway to the world-renowned archaeological site of Petra, Jordan.
- Has been recognized for its exceptional service, having ranked among the top 14 hotels in Jordan on TripAdvisor, showcasing a strong track record of customer satisfaction.
- The hotel is currently undergoing renovations, which are expected to be completed within 45 days, enhancing the overall guest experience and facilities.
- Due to this, we have been non-operational for 8 months, hence current monthly revenue figures have not been updated.
- It boasts 17 rooms and has gotten the approval to reopen it as a 3-star hotel.
- Post-renovation, the hotel's rooftop restaurant will expand its seating capacity from 40 to 70, allowing for greater guest accommodation and dining experiences.
- The hotel provides a range of services including comfortable hotel rooms, local food and drinks, and entertainment facilities, catering to various guest preferences.
- While operational, the hotel has maintained an occupancy rate of 60-70%,
- Typically achieves a healthy EBITDA margin of approximately 55%, reflecting its operational efficiency and profitability potential.
- The business has the necessary registration document which includes all the approvals to run the business in Jordan.
- Has been recognized for its exceptional service, having ranked among the top 14 hotels in Jordan on TripAdvisor, showcasing a strong track record of customer satisfaction.
- The hotel is currently undergoing renovations, which are expected to be completed within 45 days, enhancing the overall guest experience and facilities.
- Due to this, we have been non-operational for 8 months, hence current monthly revenue figures have not been updated.
- It boasts 17 rooms and has gotten the approval to reopen it as a 3-star hotel.
- Post-renovation, the hotel's rooftop restaurant will expand its seating capacity from 40 to 70, allowing for greater guest accommodation and dining experiences.
- The hotel provides a range of services including comfortable hotel rooms, local food and drinks, and entertainment facilities, catering to various guest preferences.
- While operational, the hotel has maintained an occupancy rate of 60-70%,
- Typically achieves a healthy EBITDA margin of approximately 55%, reflecting its operational efficiency and profitability potential.
- The business has the necessary registration document which includes all the approvals to run the business in Jordan.
Products & Services Overview
- The business's famous services, once reopened will be the hotel accommodations, local food and drinks, and entertainment facilities.- These offerings cater to tourists visiting the renowned Petra archaeological site who stay in the rooms and dine at its rooftop restaurant.
Assets Overview
The key tangible asset is the hotel property worth JOD 550,000.
Facilities Overview
The hotel spans 1000 sq m across 3 floors, featuring luxury rooms, an infinity rooftop swimming pool, a restaurant, café, massage room, and an elevator. It is a fully owned property, with no rental or lease obligations.The property is owned by the business.
Capitalization Overview
The business is fully funded through personal cash investments, with no debts or loans outstanding. It has a sole owner holding 100% ownership.
Recent Activity
-
Earlier than 15 daysM&A - Partner, M&A - Private Equity, Miami, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysBusiness Consultant & Advisor, Trading, Jakarta, Corporate Investor / Buyer connected with the Business
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