China Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
Description
· Well-known, top 5-star hotel in Yangzhou
· Lavish and well-positioned accommodation located in the Central area
· Building has a total of >20 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
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