4 & 1/2 STAR HOTEL IN SIEM REAP CAMBODIA FOR SALE!!! ANGKOR WAT!! 8 MINS FROM LOCAL INTERNATIONAL AIRPORT!! Start Price USD 17,500,000.00 Current Price USD 17,500,000.00 Time Left 51 days 13 hours 1 minutes Bid Count 0 Buy It Now Price - Reserve Price - Start Time Sunday, November 30, 2008 End Time Saturday, February 28, 2009 Location singapore, nil See more about '4 & 1/2 STAR HOTEL IN SIEM REAP CAMBODIA FOR SALE!!!' Description   4 & 1/2 STAR HOTEL SIEM REAP, KINGDOM OF CAMBODIA FOR SALE!!! MAIN TOURIST ATTRACTION ANGKOR WAT!!! 8 MINS DRIVE FROM SIEM REAP INTERNATIONAL AIRPORT!!! PRICE: US$17,500,000.00 Up for sale is a 4 & 1/2 star hotel in a town call Siem Reap, Kingdom of Cambodia. Below are the information, I will not review any important information of the hotel. Hotel is for sale at US$17,500,000.00. If you're interested, kindly email me, and we can go further from there. I can be reach at dangie1046@yahoo.com.sg.            SERIOUS ENQURIES ONLY PLEASE!!!!! PHOTOS & INFORMATIONS WILL BE GIVEN TO SERIOUS BUYERS ONLY!!  INFORMATIONS: Hotel was built on late 2004. It was completed on late 2007. So far, hotel has been fully occupied. The hotel consist of 191 rooms. Hotel is FREE HOLD. US dollars are used in Cambodia. All payments are in US dollars. Cambodia have high seasons and low seasons for the tourist to visit. During 2007, high seasons is around 82% and low season is around 18%, which is consider excellent. For 2008 till now, high seasons is around 80% and low season is around 20%. Despite the bad economic, tourist are still flocking into Cambodia Siem Reap, because of the local attractions, the most famous of all, the Angkor Wat, which is one of the 7 wonders of the world. During these's years, Angkor Wat was ranked between No.1 - No.2 spot. And because of this Angkor Wat, Siem Reap town is the most famous in Cambodia. During high seasons, all hotel rooms are fully booked, let me tell you this, there are more then 100 hotels/motels in Siem Reap, Every hotel have their share of profit. Those hotels that are 4 stars and above have their higher profits during high seasons. Below is the rough breakdown of the chargers of the rooms and rough guide to the profit from the rooms. During high season, the hotel rate for each room for walk-in customers is US$80.00 per night. For normal internet/telephone booking, each night is US$65.00. For tour agencies rate, each night is US$50.00. Daily income for fully occupied rooms is around US$9550-US$15,280.00. Monthly is around US$ 286,500.00 - US$ 458,400.00 based on 30 days. Hotel's restaurant's income is around US$30,000.00 per month. Rental from outsource casino is US$15,000.00 per month and rental from outsource Health Spa is US$12,000.00 per month. During Low season, the hotel rate or each room for walk-in customers is US$70.00 per night. For normal internet/telephone booking, each night is US$50.00. For tour agencies rate, each night is US$40.00. Daily income for fully occupied rooms is around US$7640.00-US$13,370.00. Monthly is around US$229,200.00 - US$ 401,100.00 based on 30 days. Rough estimation monthly for Salaries, expenses, etc is around US$80,000.00 - US$100,000.00. Hotel is equipped with Swimming pool, garden, restaurant (Mix of chinese, local & western food), Casino, Health Spa, conference room, function room, 191 rooms, music lounge and gym. Highly guarded hotel with around 15 guards on 24 hours shift everyday. There are security cameras everywhere. So it's a very safe place. Everything including the management staffs and workers will be included. Everything has been done up and waiting for the new owner to arrive. Please take note: There is a rule for buying properties in Cambodia. Overseas buyer can only own up to MAX 49% of the property and 51% MUST be a local cambodian. But there is a way. So email me for more detailed informations if you're seriously interested. Valuation is at US$24,000,000.00 based on the bank's valuation. I WILL ATTEND TO ALL SERIOUS EMAILS ONLY!!! Place a Bid!