ID: 9927

12.05.15

Business for sale: sell a business and buy a business in Ukraine

Two-star hotel in Kyiv

Selling of the two-star hotel in Kyiv

Location:

Киев, Украина

  • Sector: Hotels and restaurants
  • Business activity: Hotels
  • Price: $7 950 000
  • Share: 100%
  • Life period of business (years): 10

Description of the hotel

Two-star hotel

Hotel facilities include:

  • 280 hotel suites;
  • Restaurant (150 seats);
  • Conference room (55 seats);
  • Warehouse premise;
  • Office area.

Total area of premises - 9355,20 sq.m.

Some hotel suites are used as office area (80 suites are reequipped).

Land lot: 0,54 ha (on lease)

Financial results

Avarage hotel occupancy – 30%

Clean profit – 8 mln. UAH

Development project description:

  • Ability to modernize the hotel up to three- or four-star category.
  • The hotel is located closely to The Expocenter of Ukraine National Complex, which is happened to be the organizer of international exhibitions, fairs and other events with 1 mln visitors per year.
  • The hotel is located closely to the biggest park area – Golosievskiy Park.
  • The hotel is built on one of the main streets of the city with the active automobile and pedestrian traffic.
  • The hotel is situated along the blue subway line (the Kurenivsko-Chervonoarmiyska Line), close to VDNH subway station.

        Renovation project options:

  1. Hotel renovation by further construction of 5 additional floors, main building area extension and organization of a café. This variant provides a breakdown of the hotel during the reconstruction period. It is possible to modernize the hotel up to three-star category.
  2. A possibility to extent the size of the main building by constructing separate tree-star hotels on 60-80 suites nearby and without removing the hotel from service.

Technical details

 Factor

Metric  unit

Old building

New building

 Area

ha

0,5438

0,5

 Area of building

2229,50

230-280

 Number of storeys

storeys

8

10-13

 Cubage

29477,00

8000-10000

 including

     

- basement floor

3150,00

200

- elevated floor

26027,00

2450

 Total area

9309,30

2650

including

     

- cafe

302,10

150,00

- 70-80 suites hotel

3930,77

2000

- conference room (70 seats)

59,23

250

- office premises and total area

3667,7

400

 

Advantages

  • simplified procedure of building approval for construction facility of 1-3 categories.
  • Availability of communications on the land lot and in the building.
  • A possibility of building without removing the hotel from service.
  • A possibility of quick building and putting it into operation over the course of the 1,5 years.
  • As a result we obtain a building, which can be sold apart from the existent hotel.
  • Comparatively low-cost construction facilities.

Disadvantages

  • Inconveniences during the building works regarding existent hotel.
  • A small amount of suites in the new building, which cause a trouble while searching for a hotel operator.

Location

Contacts

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