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Hotel & Conference Centre

Grahamstown, South Africa
R46,000,000
Operating Business

Landmark hospitality business for sale in the historical Grahamstown in the Eastern Cape of South Africa. This Property situated in the main street of the city, close to Grahamstown’s prestige Schools, Rhodes university the magistrate and High courts.

Included in the purchase price is a newly renovated full service Hotel with high occupancy rates and various conference centres together with a 4 star guest house across the street from the Hotel.

Other revenue generating entities include a popular restaurant that services the public as well as the Hotel Guests with a real wood fired Pizza oven and a cocktail/coffee Bar. The business also rents out parts of the building ensuring a steady stream of income and traffic. The property also consists of a Nightclub/Sports bar that is operated by the owner.

This is an excellent opportunity to not only buy several profitable entities but also the Invest in Property with significant value that will in the long run pay for itself.

Reason for sale is the owner wants to retire.

Overview

Years

33

No.of employees

+/-50

Renwick Business Brokers
Renwick Business Brokers
0 out of 5
Total Sales: 0 Total Listing: 69