Описание
The property is popularly known as Royal Castle Hotel one of the Mombasa’s most historic hotels located in close proximity to the famous Fort Jesus.The Hotel is considered as an iconic and historic hotel within Mombasa due to its impressive architecture and appearance. The balcony area has been considered a famous meeting point within the city for many years. Royal Castle Hotel is a 4 storey building laid out in 2 wings on a 1.46 acre plot and has a total built up area of approximately 60,063 square feet. The hotel has a total of 68 hotel rooms combining standard rooms and deluxe, 5 conference facilities and a casino; the main guest area consists of a reception, lounge area, restaurant, a bar and coffee shop.
In addition, the hotel has 52 parking bays on the ground level and the property boundaries are marked by a rendered whitewashed natural stone walling.
Mains water, electricity and sewer are connected to the property. These are supplemented by 180 KVA power backup generator, solar water heating system in the rooms and two onsite boreholes. Other amenities include CCTV surveillance, automated electronic card entry system, air conditioning, 2- 8 passenger lifts and fire detectors.
The Hotel is managed by the registered owners and due to its capacity, amenities and services provided, it enjoys good occupancy levels as it hosts a high number of local and international tourists and conferences.
Investment Considerations
The key investment characteristics that highlight the capital value of Royal Castle Hotel are:
• Exceptional location within Mombasa’s Central Business District. Due to its strategic location, the hotel is exposed to high traffic and excellent prominence.
• Significant 0.25 acre site which is undeveloped allowing for possible future expansion.
• Strong income stream - the average revenue per annum for the hotel over the last 5 years is KES 97,407,892 and the average Gross Profit per annum over the last 5 years is KES 68,674,214.
• Good occupancy levels - in the last 1 year the hotel has enjoyed high occupancy rates at certain months of up to 70%.
• There is a shortage of good quality business hotels on Mombasa island, there is a significant opportunity to transform the Castle Hotel into the premier business orientated hotel within this strategic coastal city.
In addition, the hotel has 52 parking bays on the ground level and the property boundaries are marked by a rendered whitewashed natural stone walling.
Mains water, electricity and sewer are connected to the property. These are supplemented by 180 KVA power backup generator, solar water heating system in the rooms and two onsite boreholes. Other amenities include CCTV surveillance, automated electronic card entry system, air conditioning, 2- 8 passenger lifts and fire detectors.
The Hotel is managed by the registered owners and due to its capacity, amenities and services provided, it enjoys good occupancy levels as it hosts a high number of local and international tourists and conferences.
Investment Considerations
The key investment characteristics that highlight the capital value of Royal Castle Hotel are:
• Exceptional location within Mombasa’s Central Business District. Due to its strategic location, the hotel is exposed to high traffic and excellent prominence.
• Significant 0.25 acre site which is undeveloped allowing for possible future expansion.
• Strong income stream - the average revenue per annum for the hotel over the last 5 years is KES 97,407,892 and the average Gross Profit per annum over the last 5 years is KES 68,674,214.
• Good occupancy levels - in the last 1 year the hotel has enjoyed high occupancy rates at certain months of up to 70%.
• There is a shortage of good quality business hotels on Mombasa island, there is a significant opportunity to transform the Castle Hotel into the premier business orientated hotel within this strategic coastal city.
Характеристики
| Страна | Кения |
| Цена, руб | 400000000 |
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