Prime Hotel Investment

Property Description

An established hospitality asset offering scale, functionality, and strong repositioning potential. Originally built in 1965 and fully refurbished in 2005, the property extends to approximately 813 m² of enclosed areas, complemented by 128 m² of ancillary spaces and additional uncovered areas, allowing flexibility for operational use and guest amenities. Arranged over five floors, the building comprises 28 en-suite bedrooms and 4 extra bedrooms with no bathroom. The layout and size support consistent tourist accommodation, while the existing structure provides a solid base for refurbishment, upgrade, or brand repositioning. The property is in good overall condition and benefits from ground floor access, enhancing day-to-day operations. This is a compelling opportunity for investors seeking a value-add hospitality asset with clear potential to enhance performance through strategic upgrades or repositioning.