Hotel 5* in Downtown Dubai, UAE

A luxury hotel 5* in Downtown, Dubai, UAE, is for sale. The hotel has prime strategic location in Downtown with views to Burj-Al-Khalifa and to Canal.

Area Schedule (Floors)

• Basement 3
• Basement 2
• Basement 1
• Ground Floor
• First Floor
• Second Floor
• Third Floor
• Pool Deck
• Fourth Floor
• 5th to 18th Floor
• 19th Floor
• Roof Level
• Upper Roof
• Total Square: 262K sq. ft
• Land Plot: 468K sq. ft

Room Category

• Superior King (KGD) - 344 sq. ft. - 120 units
• Superior Twin (TWD) - 344 sq. ft. - 64 units
• Deluxe King Canal View (KGB) - 344 sq. ft. - 52 units
• Deluxe Twin Canal View (TWB) - 344 sq. ft. - 25 units
• Executive King Burj Khalifa View (KGA) - 344 sq. ft. - 26 units
• Executive Twin Burj Khalifa View (TWA) - 344 sq. ft. - 14 units
• Superior Suite (SDD) - 517 sq. ft. - 14 units
• Deluxe Suite (SKD) - 657 sq. ft. - 10 units
• Premier Suite (SKC) - 688 sq. ft. - 12 units
• Executive Suites (SKA) - 1001 sq. ft. - 2 units
• Presidential Suite (SKB) - 1346 sq. ft. - 1 unit
• Owner's Suite - 1690 sq. ft. - 1 unit
• Owner's Guest Suite - 1378 sq. ft. - 1 unit
• Owners Superior Room - 344 sq. ft. - 1 unit
• Total Room Count: 343

Facilites

• 3 F&B facilities owned by hotel
• 2 F&B facilities leased with revenue share
• One additional restaurant in construction
• Fitness Centre & Squash Court
• Spa with 4 Treatment Rooms - Owned by Hotel
• Female & Male Salon - Rented
• Luxury Watch Shop 130 sq. ft. - Retail Rented
• Kids Play Area
• Meeting Rooms - three in total
• Executive Lounge & Library -1178 sq. ft., 50 people capacity
• Canal Ballroom (Ballroom features natural daylight with views over the Dubai Water Canal. Ballroom subdivides into two sections with built-in projectors, screens and sound system).

Added Value

• Complete renovation of all rooms last year plus Soft Upgrade of Lobby over the span of 2.5 years
• Luxury Owners Suite: 3-Bed Apartment with Butler Room & Marble Finishing
• Additional Income from Owners Suite : 10K /night or revert back into 12 additional rooms
• Income from F&B Leases with Revenue-based income 3 F&B leased on basic rent + % based on revenue
• Additonal income from New Restaurant - global brand exclusive to UAE

Investment Opportunity

• Revenue increasing year on year
• Scope for additional revenue - stabilisation of new restaurant & owners suite
• New restaurant opening
• No land left in Business Bay directly on the Canal
• Land no less than 700M in Business Bay

Future Potential: Rooftop Conversion

• Convert the existing Top Floor, which is currently 'Private Residences' and transform this into a Beautiful Roof Top Bar with a Covered Terrace.
• This means minimum expense as the external facade is only adjusted rather than re-built. It is also possible to add a swimming pool to this.
• Another option involves cross-checking the building regulations and seeing is there is additional Built-Up Area allowance.
• This way we can build up on the existing facade and expose the entire roof resulting in a Panoramic Burj Khalifa view.