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One of the most luxurious 5 star riad hotel in marrakech. Renovation undergoing, this 5 star riad will boasts 7 large suites all with large en suite bathrooms, a spa with turkish bath, a restaurant on the ground floor, a courtyard, a rooftop lounge with the largest infinity pool in the city, bar, caviar bar, cigar bar and a luxury VIP customer cellar. Project design by one of the most famous french architect in Africa. This is an incredible investment opportunity with similar existing hotels selling for much higher price. Need to sell for family reasons. Renovation to be completed by end 2024.
Room rates are se tto be $ 650/night plus the income for restaurant, spa, pool lounge, caviar bar, cigar bar. Marrakech is the n1 tourist city in the world today, together with Venice, Paris. High end tourists from all over the world flocks to Marrakech and the occupancy rate for high end hotels is 100% from october to may, 80% may to october. It's an incredible deal and the price is meant for the hotel ready to open. Can consider the sale at today's stage if customer wants to finish it differently. The project is from famous french architect who worked also for La Mamounia, Selman Palace.
There are few to no property of this level for sale now as, once open, this ryad will be the most luxurious in the City. We accept payment in Morocco, Europe or HK.
It is also one of the few palace that has a legal ownership title (not common in Maroc) and so a very secure investment as the property is forever and open to foreigners.
This is a once in a lifetime investment occasion.
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exterior
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* The above information is the average for each state in Morocco For more details about loans, please send us an enquiry.
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Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.