For Sale

#1098 Beach Hotel 103 rooms SOLD!!

#1098 Beach Hotel 103 rooms SOLD!!

This property is 1 minutes walk from the beach. Located on Hurghada’s sandy beach,  Resort offers luxurious, 4-star facilities including a private beach area, free Wi-Fi and outdoor pool. Bright, modern rooms 100 pcs lead onto furnished balconies.
Each room has flat-screen TVs with satellite channels and overlooks the landscaped, palm tree-filled garden. Guests can enjoy refreshments from the minibar while relaxing in the seating area. It features rejuvenating massages, a sauna and a spa bath. Down at the beach, guests can enjoy diving, windsurfing and snorkeling.
Resort’s restaurant offers local and international specialties and a panoramic view of the Red Sea.   A refreshing drink from the bar can be enjoyed on a sun lounger on the terrace.
Hurghada International Airport is a 22-minute drive away. Marina is about 12 minutes drive away. There is a villa for the owner in the resort, and a discotheque and rooms for the staf.

It’s a very good opportunity for investors because the fees for staff are very low in Egypt. About 3000 egp per month per employee, Management and chiefs get more of course, about 12 – 15.000 egp/month, Electricity and water are also very low, and taxes depence on yourself.

Hurghada was founded in the early 20th century. For many decades it was a small fishing village, but it has grown into a major Red Sea resort as a result of Egyptian and foreign investment that began in the 1980s. Holiday resorts and hotels provide facilities for windsurfing, kitesurfing, yachting, scuba diving and snorkeling. The city is known for its watersports, nightlife and warm weather. Daytime temperatures are around 30 °C (86 °F) most of the year, and during July and August temperatures can reach over 40 °C (104 °F). Hurghada is a popular holiday destination for Europeans, especially during the winter, and some spend Christmas and New Year there. Tourist numbers from Russia dropped significantly after the Metrojet Flight 9268 plane crash in November 2015.

Hurghada extends for about 36 kilometres (22 mi) along the coast, but does not reach far into the surrounding desert. The resort is a destination for Egyptian tourists from Cairo, the Delta and Upper Egypt, as well as package holiday tourists from Europe. Hurghada has a population of 248,000 and is divided into:
El Ahia and El Helal – the northern part El Dahar (Downtown) – the old town Sakala – the city center El Kawsar – the modern part El Mamsha (Village Road) – a pedestrianised street with a length of over 4 km (2.5 mi) Many of Hurghada’s newer hotels, restaurants, and shops are located along El Mamsha. Most of the newest and largest hotel resorts are located in the area between Mamsha and Sahl Hasheesh on El Mamsha. Beyond Sahl Hasheesh there are the hotels of Makadi Bay. Dahar is the oldest part of the town where the town’s traditional bazaar, the post office and the long-distance bus stations (Go Bus and Upper Egypt Bus) are situated. The busiest area is Sakala, the “city center” on Sheraton Road, where there are hotels, shops and restaurants.
The city is served by the Hurghada International Airport with scheduled passenger traffic connecting to Cairo and directly to several cities in Europe. A new terminal was opened in 2015 to accommodate increasing traffic.

# 1098

Specifications

Price

Year of construction

Size

Bedrooms

Bathrooms

Balcony

Roof terrace

Patio

Garden

Swimming pool

Jacuzzi

Airconditioning

Sauna

Parking Space

Garage

Fire Place

Furnished

€ 7.000.000
2012
50.000 m2
103
110
√ there is a shared swimming pool

Price

€ 7.000.000

Year of construction

2012

Size

50.000 m2

Bedrooms

103

Bathrooms

110

Balcony

Roof terrace

Patio

Garden

Swimming pool

√ there is a shared swimming pool

Jacuzzi

Airconditioning

Sauna

Parking Space

Garage

Fire Place

Furnished

Share this listing