Description
5 STAR HOTEL IN YANGZHOU, CHINA
Description
· Well-known, top 5-star hotel in Yangzhou
· Lavish and well-positioned accommodation located in the Central area
· Gross floor area is approximately is >50,000 sqm
· Building has a total of >25 stories, including undergound carpark. There is also an outdoor carpark
· >250 stylist guest rooms in total, including 1 presidential suite
· Facilities include business centre, restaurants, Grand Ballroom, several conference and event rooms, outdoor pool, gym room, KTV, Full Spa, card rooms, table tennis rooms, outdoor tennis court, snooker room, library, internet room
Statistics
· Owner looking to divest property and entire operations at RMB750m
· Annual revenue over the last 5 years averaged at RMB60m (Rev/Price = 8%)
· Monthly occupancy rate per year averaged at 80% (99% at peak periods) with stable average room rates
United Kingdom