A company specializing in operating hospitality and serviced apartments

Opportunity Details

A company specializing in operating hospitality and serviced apartments in Riyadh, it owns an existing operational asset of 20 serviced residential units, with a fully integrated operational infrastructure including a reception area, hospitality facilities, and service spaces, in addition to a strong presence on online booking and travel platforms.

The company operates with a flexible operating model in the short-term accommodation sector, capitalizing on the rapid growth of the tourism and hospitality sector in the Kingdom, in line with the objectives of Vision 2030.

The business achieved audited revenues exceeding SAR 920,000 in 2024, while projected revenues for 2025 are expected to reach approximately SAR 1.51 million, with a projected net profit of around SAR 224,000 and an adjusted net profit, excluding recurring items, of approximately SAR 237,000.

Furthermore, the project boasts strong operational indicators, including an average occupancy rate of approximately 49% in 2025, with a peak monthly occupancy rate reaching 84%, reflecting stable demand and operational efficiency.

The business relies on diversified revenue streams, including direct bookings, OTA platforms, and long-term leasing, with an operating lease extending to 2028, providing operational stability and significant growth potential.

It is offered for sale and acquisition in its entirety, with the price to be determined through negotiation at a later date.

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