Beautiful hotel business for sale in Hoi An

<< This hotel business for sale in Hoi An is located in a beautiful, well maintained villa. It has 7 rooms, which are all fully furnished and nicely decorated. The villa comes with a lovely and large swimming pool, a terrace, and a garden. Located in a quiet part of Hoi An, only a 5 minute bicycle ride from the old town. Guests love this hotel especially because of its comfortable rooms, swimming pool, breakfast options, and its central but quiet location. The current ownership has already put in place a good booking system, including various popular booking platforms, and the hotel is currently reaching an occupancy of 60 – 70%. The owners are moving back to Europe, and they are therefore looking for somebody to take over this beautiful hotel business. >>

What is on offer?

• Hotel business for sale, popular with both foreign and Vietnamese tourists.
• Located in a beautiful, well maintained villa, just outside Hoi An’s famous Old Town.
• The building has 2x floors, including 7 rooms.
• The total area including garden and (large) swimming pool is 300 m2.
• Kitchen and bar on site, allowing for drinks and several breakfast options.
• Very (!!) good reviews: comfortable, quiet central location, swimming pool, breakfast.
• Good booking system already set up, including various popular booking platforms.
• Established since a few months only, selling for Family reasons.
• Fully furnished, fully equipped, fully decorated: a turnkey hotel business.
• Currently 1 staff: handyman, gardener, cleaner, who is encouraged to stay.
• The current owners are in charge of the reception + breakfast, themselves.
• The building and the land of the hotel are leased, they are not for sale.
• Total lease price is VND 35,000,000 / month.
• Current room price around VND 600 – 850,000 / night, including breakfast.
• Several additional sources of income already in place, all included in the sale.
• Lease contract is valid until 09/26, extension negotiable, supportive landlord.
• Registered as a 50% foreign owned limited liability company.
• Conversion to a 100% foreign owned business, including sponsored visa, is possible.
• Asking price is VND 550,000,000 all inclusive, negotiable.
• Valuation: < 2x current yearly profits.
• Hotel can be bought together with the owner’s (nearby) restaurant, or separately.
• The friendly foreign owner is offering full transition support and training.
• Reason for selling: relocating for Family reasons.
• Lots of photos, further info, and owner contact details upon request !!

Potential of this hotel business for sale:

• Important to realize is that the building and the land are not included in the sale, because they are leased from (a very supportive) landlord. What is on offer here is an ongoing hotel business, located in a beautiful, fully furnished, 7 room villa, with a great swimming pool. The current owners have already set up a good booking system, they are reaching an occupancy rate of 60 – 70%, and they have several additional sources of income (e.g. commissions from tours and restaurants), which are all included in the sale. In short: a very good foundation for somebody to take over and build out.
• This hotel is strategically located, just outside of Hoi An’s famous UNESCO Old Town, which attracts millions of visitors each year. The hotel is only a few minutes bicycle ride away from the Old Town, and it is on the way to the beautiful beaches of Cua Dai and An Bang. Looking at the hotel’s (very) good online reviews, guests truly appreciate the location of this hotel. Coming back after a day of exploring Hoi An and/or the beach, they can enjoy a lovely cocktail at the terrace next to the large swimming pool.
• Interesting to know: the owner of this hotel business for sale is also selling her restaurant business. It is a fusion (European / Vietnamese) restaurant, located nearby the hotel, on the main road between Hoi An’s Old Town and the beach (link). The current owner has already started experimenting with potential synergies between her 2x businesses. For example: several of her hotel guests are enjoying a good dinner at the restaurant. A new owner could further explore the opportunities. 

Foreign ownership of a hotel business:

In Vietnam, it is possible for a foreign individual or company to purchase a hotel business in Hoi An. The current business for sale is registered as a 50% foreign owned limited liability company (LLC). Buyers can take over the current company, and change the ownership structure if they want, or register a new legal entity. The current business has registered the business activities of short stay accommodation services and food & beverage, and the landlord is very supportive in helping with the licenses and in dealing with the local Authorities. In addition, our Bizspective team can advise you in more detail about how this works in practice. We can also help you with the legal / administrative side of the acquisition. If you have any questions about foreign business ownership you can contact us directly either via Facebook, WhatsApp, e-mail, or via the “contact us now” form.

Further information:

Are you interested in this hotel business for sale? Would you like to learn more about it, for example would you like to see more photos, or would you like to speak with the owner, and/or view the business? Then please click the “contact button” in the top right corner or send us an e-mail at admin@bizspective.com . The owner is happy to support. So just drop us a message if you are interested: we look forward to hearing from you! If you are looking for any other businesses for sale and/or other investment opportunities, of course do not hesitate to contact us, or follow this link to see all of our listings.

*Disclaimer: even though our Bizspective team always tries its very best to provide you with correct and complete information: we cannot always independently verify all the information of our listings. We therefore always recommend business buyers and investors to do their own due diligence before moving forward with any of the business / investment listings on our website. If you are looking for professional support with your due diligence: feel free to drop us an e-mail in order to get connected with one of our professional partners around Vietnam.