The project:

Offering upscale accommodation, spacious rooms and creative designs. This hotel has been designed, developed and run by an industry expert with 35 years of international experience. When their team started this project in 2019, their goal was to bring this hotel into the top 5 boutique hotels in Da Nang, and they have arguably reached that goal.

The boutique hotel:

Located in the central Son Tra district, the hotel has 26 rooms divided between 10 floors. It is only a 3-minute walk to the beach, and a 5-minute walk to shopping streets, many restaurants, cafes, and malls. The operation of the hotel was only recently started, and because of the pandemic the hotel currently only operates at around 50% occupancy. The hotel is promoted on social media, it has excellent reviews, and it is partnering with several travel agencies.

The opportunity:

The reason for selling this boutique hotel at a discounted rate is that one of the owners is moving overseas, and they want to develop new projects. This is therefore an excellent opportunity to acquire the ownership of a new, well – designed boutique hotel in a booming part of Da Nang city. In close vicinity to the hotel, there are some big projects developing (i.e. shopping centres and luxury hotels), which will bring a lot of future value to the real estate of the hotel. With the borders re – opening, and tourism coming back to Vietnam: this is obviously a very good opportunity to get a good return on your investment.

The offer:

The asking price of VND 48 billion (USD 2,05 million) includes: the land, the buildings on the land, the furniture and the interior design. There are 26 spacious, beautifully designed rooms divided between 10 floors. There is a co – working space, fitness centre, fully equipped kitchen / restaurant, event space, and there are rooms with a sea view. The owners speak English very well, and they will be very cooperative in handing over this beautiful project to you.

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to acquire 100% ownership of a hotel. Our Bizspective team can advise you in more detail about how this works in practice, and how you can obtain foreign ownership of this hotel. We can also help you with the legal / administrative side of the acquisition.

Further information:

Are you interested, would you like to learn more about this business for sale, do you have any questions, and/or would you like to organize a viewing: click the “contact button” in the top right corner or send us an e-mail at businessforsale@bizspective.com. We look forward to hearing from you!