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4-star 120-Key Hotel Near Latakia Port For Sale

Latakia, Syria, Syrian Arab Rep.
Asking Price:
$3,200,000 (USD)
Sales Revenue:
$800,000 (USD)
Cash Flow:
$800,000 (USD)

Investment opportunity to acquire a 4-star hotel in Latakia, Syria, strategically located in the Al-Saliba area near the Port of Latakia, with attractive views of the Mediterranean Sea and the port.

The hotel comprises 120 accommodation units, including 80 hotel rooms and 40 suites, with a total capacity of 240 beds.

The property also includes a main restaurant and café, lobby and reception areas, fitness center, main kitchen, service facilities and car parking.

The hotel requires renovation and refurbishment to bring it back into full operation, with an estimated refurbishment budget of approximately USD 750,000.

Key Investment Highlights:

4-star classified hotel
80 rooms + 40 suites
120 hotel units / 240 beds
Strategic location near Latakia Port
Mediterranean Sea and port views
Existing hotel infrastructure and facilities
Value-add refurbishment and repositioning opportunity
Potential to serve both business and leisure demand

Asking Price: USD 3.2 million

Further property information, documentation and preliminary investment projections are available to qualified interested parties upon request.

Property Information

Real Estate:

Real Property Included

Location:

The hotel is strategically located in the Al-Saliba area of Latakia, Syria, close to the Port of Latakia. The property benefits from attractive views of the Mediterranean Sea and the port, with convenient access to the city's commercial and business areas. Its location makes it suitable for both business and leisure guests.

Premises Details:

An existing 4-star hotel comprising 120 accommodation units, including 80 hotel rooms and 40 suites, with a total capacity of 240 beds. The property includes a main restaurant and café, lobby and reception areas, fitness center, main kitchen, storage and service areas, laundry facilities, administrative areas and car parking. The hotel requires renovation and refurbishment prior to reopening.

Planning Consent:

The property is licensed and classified for hotel use as a 4-star hotel. Relevant hotel licensing and property documentation can be made available to qualified interested parties as part of the due diligence process.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

The property offers strong potential through renovation and repositioning as a modern 4-star business and leisure hotel. Syria's new phase of economic development and reconstruction is expected to generate additional demand for qualified hotel accommodation from investors, contractors, consultants, traders, companies and other business visitors. Latakia is particularly well positioned to benefit from increased commercial activity due to its port and strategic coastal location. The hotel also offers opportunities to generate additional revenue through its restaurant, café, fitness facilities and other guest services.

Competition / Market:

The hotel market in Latakia currently faces a shortage of qualified accommodation capacity relative to demand, with hotels frequently experiencing high occupancy levels and waiting lists during periods of increased activity. This creates a favorable environment for the reopening of a properly renovated and professionally operated 4-star hotel. The property's 120-unit capacity, proximity to Latakia Port, and sea and port views provide additional competitive advantages.

Employees:
0
Years established:
1999