Description
HOTEL APARTMENT BUSINESS FOR SALE – KAGUGU, KIGALI
Asking Price: USD 2,600,000
Discover an exceptional hospitality investment opportunity in Kagugu, Kigali. This established, fully furnished apartment hotel has been operating since 2017 and offers comfortable accommodation, beautiful views, and significant potential for future expansion.
Property Features
- 18 furnished accommodation units, including budget rooms, studios, and two- and three-bedroom apartments.
- Fully operational restaurant serving breakfast, lunch, and dinner.
- Bar, pizza, and barbecue areas.
- Swimming pool with a renovated deck and beautiful views.
- Landscaped garden with exotic fruit trees.
- Wi-Fi and security systems.
- Solar and heat-pump water-heating system.
- Trained staff and established cleaning and maintenance services.
- Additional adjacent land for potential development.
- Outdoor spaces suitable for private events and celebrations.
Financial Performance
According to the seller average annual sales of approximately USD 227,000, with estimated annual expenses of USD 128,500 and annual profit before tax of approximately USD 98,500.
The property also offers expansion opportunities, subject to feasibility studies and the required permits. The seller estimates that adding 20 rooms could generate additional annual profit before tax of approximately USD 120,000.
Investment Opportunity
The asking price of USD 2.6 million includes the existing property and adjacent undeveloped land, with a combined area stated to be approximately 5,800 sqm.
An alternative offer of USD 2 million is also indicated for the existing property's land, stated to measure approximately 2,494 sqm. All prices and terms are subject to confirmation by the seller.
This opportunity is ideal for hotel operators, property developers, hospitality investors, and entrepreneurs seeking an established business with room for growth in Kigali.
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Contact
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