Hotel in Kampala, Uganda

Hotel for sale in central Kampala, Uganda. This premium resort hotel with over 100 rooms is located on a large property in the center of Kampala.

Location

The hotel is located in one of the city's most prestigious areas: at the intersection dividing the two affluent districts of Nakasero and Kololo. The hotel offers direct views of the Uganda Golf Course and is close to the State Council building, surrounded by embassies and major corporations such as banks, oil companies, and law firms.

The freehold plot of less than 4 acres faces three different roads with front, side, and rear access. Compared to the neighboring area, the hotel is situated on one of the largest plots of its kind. Beyond the main buildings, the property offers significant potential: approximately one acre of vacant land behind the property allows for the construction of 28-story residential and commercial towers, as well as a second tower above the parking lot. Both towers will have a separate access road.

The hotel's structure is extremely robust and allows for increased room and other amenities. Rooms are surrounded by hundreds of plant and flower species, creating a sense of tranquility in a centrally located oasis. The hotel is known for being more than just a hotel, evolving into a destination for entertainment with its various leisure areas and corporate spaces.

Currently very popular, the hotel has the potential to increase revenue through restaurants and bars, increased room rates, and the transition to an international brand, which would significantly increase room rates and bookings. Currently, the majority of sales come from restaurants and bars, as well as conferences.

Sales

Estimated gross sales for 2024: ~$10,000,000

Amenities

• 100 rooms, including:
• 25 Executive rooms
• 20 Deluxe rooms
• 51 standard rooms
• 4 suites
• 10 back-office spaces
• 10 retail spaces
• 6 conference rooms + 5 meeting rooms
• 1 full-service restaurant with a high rating + 1 new full-service restaurant (2024)
• 2 independent bars + coffee shop
• Adult and children's pools with changing cabins
• Gym + spa
• ~100 parking spaces

Nightly Rate

• Standard: $145
• Deluxe: $175
• Executive: $215
• Current average rate: only $120 per night

Conference/Banquet Packages:

• Full Day: $45 per person
• Half Per Day: $38 per person
• Cocktails: $25-$40 per person
• Parties: $25-$35 per person
• Weddings: $30-$50 per person

Other Promising Income Opportunities:

• Pool + Gym + Spa
• Transportation
• Bars + New Restaurant
• Retail Space
• Laundry
• Business Center
• Food Delivery
• Events + Weddings

Market Overview

Uganda has recently shifted its focus to tourism as the country's primary source of income. In 2022, the Uganda Tourism Board launched a new campaign, "Discover Uganda," that highlights the country's riches and beauty. Uganda is often called the Pearl of Africa due to its abundance of natural beauty and outdoor activities. This new focus on tourism development will have a significant impact on the economy.

Uganda boasts one of the richest bird, butterfly, and beetle species in the world. It is also home to the largest population of gorillas in the world, a major tourist attraction. Compared to its neighbors, which have commercialized tourism, Uganda remains unspoiled and offers tourists a much more authentic experience. The country has recently attracted significant interest from international tourism organizations seeking to offer new adventures to their guests. Uganda offers numerous opportunities for outdoor activities, such as mountaineering, hiking, and water sports.

Beyond its wildlife and natural beauty, Uganda is also rich in culture, and tourists often encounter various tribes during their travels into the interior. Agritourism has also begun to attract many Europeans eager to learn about Ugandan traditions of coffee, coconut, and vanilla cultivation. Situated on the equator, Uganda's climate is not extreme, making it extremely comfortable and livable.

Uganda recently signed a $3.5 billion oil deal, which has attracted considerable interest and investment. Hotels are filling up with business travelers eager to contribute to the country's development.

Photo is for illustrative purposes only. Asset details are available upon signing of an NDA, financial details upon submission of a POF.