Landmark Riad Hotel For Sale Marrakech
Without doubt the most successful boutique hotel in Marrakech Medina … EVER. Landmark Riad Hotel For Sale Marrakech. With a proven annual turnover of more than E450,000. After many years building up this astonishing business, the owners now wish to move on to other projects. Grab this opportunity with both hands! Sold with all goodwill for just E1.2m – Call me on 00212658025028 or mail [email protected]
In a league of it’s own, with great financial results, & a strong design concept. A top-end professionally run & controlled business in the best part of town . Three levels of 267m. 5 bedroom suites (average room is €250 per night) • Restaurant with 32 + covers per night (average bill is €85 per person) • Professional spa • Stunning roof terrace. Constantly the No. 1 restaurant on Tripadvisor for the past 7 years, and at one stage the No. 1 hotel, the No.1 restaurant, and the No. 1 spa
Turnover declared in Morocco in 2016 was in excess of €450,000. Growth every year since opening 8 years ago. Financials are better than all other peer group hotels. Constant refurbishment. Flexible business that easily shifts emphasis between the hotel & the restaurant, as demand changes.
Run more like a 200 bedroom hotel than a 5 room boutique hotel & restaurant. Professional grade equipment, detailed procedures manual, incredible IT control systems for iPad POS systems, cctv, staff timekeeping, and online bookings for hotel, spa, and restaurant. Easy online oversight from abroad – every drink, dinner & spa can be monitored in a live environment. Constant attention to detail throughout the business.
Going concern / turnkey
The hotel & restaurant business is capable of being turned off & then restarted as required. Every summer (the low season) the business closes for holidays & renovations. All bookings are now paused to allow the business to change hands, and to allow for potential renovations or structural changes if required. Permits, licences, & all paperwork are up to date & fully compliant. Software contracts are currently still in place.
There is a current pool of about 15 staff – professional, multi lingual, fully trained, and the team is refreshed regularly as required. There is no dependence on any individual employee.
Design & Ethos
Set in a large nobleman’s house in the best area of the ancient Marrakech Medina. The architecture is contemporary, open and curvy, and it blurs the boundaries between hotel and home, and even work space. The interior design is seductive and gives sumptuous nods and winks to everything that is traditionally and authentically Moroccan. The style is 5 star yet it is also relaxed- attention to detail is carried through every inch of the house & through all of the services.
Indulgent, playful with purpose, considered and confident, style without attitude, “expensive… and worth it” . A rock solid foundation with magical fairy dust sprinkled on top. Where all others stop, this business keeps on delivering.
Press & PR
Featured in Vogue (“top 10 hotels I the world”), Sunday Times Travel Magazine (“The World’s 100 Best Hotels”), Jamie Oliver (“Jamie does Marrakech” TV show), Tatler, Condé Nast Traveller, Sydney Morning Herald, New York Times, etc, etc, etc. Guests include the Bransons, Crown Prince of Saudi Arabia, Ed Sheeran, Franz Beckenbauer, many actors, musicians, film directors, billionaires.
This incredible Riad Hotel For Sale Marrakech could be yours this summer. Just call me on 00212658025028 or mail [email protected] and we can talk.
Bosworth Property Marrakech – your trusted Medina partner. Getting you to the very best business opportunities in the red city.