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Business for Sale
3 star hotel in Cape Town CBD

Mandate ID: NA-1-QOC-3-1710-1
Transaction Type:
Business for Sale

Industry: Hospitality


Sector: Hotels


SIC Code: 70110300 HOTELS


Country of Origin: South Africa |


Target Areas: Worldwide


Business Review

Cape Town was a semi-final venue for the world cup 2010 hosted at the new Greenpoint stadium. Cape Town is the fifth most popular holiday destination in the world. Located close to Cape Town International Convention Centre this hotel is fully booked for the next 5 years plus. The Hotel is located in the heart of Cape Town’s central business district, ideal for both business travellers and tourism. You can visit the famous Table Mountain, stroll around the city centre or to the Victoria and Albert Waterfront, Cape Town’s most visited tourist destination. The Cape Town international convention centre is a mere 500 metres walk from the hotel. Cape Town’s public transport main station and the MyCiti Civic Centre station are both only a short walk away. From here you can take the shuttle bus to the airport, as well get around the city with ease.

Products
164 rooms
Financial Information

EBITDA 2016: EUR 1,460,000


Price: EUR 13,750,000


EBITDA Multiple 2016: 9.42


Highlights

Added option to buy self-catering apartments
The Apartments consist of 24 luxury 4 star self-catering suites, perfect for family groups or travel groups. There are 8 one bed roomed units of 39 m², 8 two bed roomed of 50 m² and 8 three bed roomed of 80 m². All the units come fully equipped with own kitchens. These are situated above the Hotel on Thibault Square and have sterling views over the harbour, Devil’s Peak and the business district. Apartments can be one or two bed roomed. All the facilities at the hotel are available to those staying in the self-catering apartments. There are currently 16 units available for sale with a possibility to buy the remaining 8 as well.
Asking price (16 units) R48 million

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