Four-Star Beachfront Resort on 7 ha, Con Dao
- Reference
- SI-056
- Location
- Con Dao island
- Operating history
- Operating
- Status
- Operating
- Revenue
- Not disclosed
- Asking price
- US$21.6MVND 550bn
- Stake offered
- 100%
- Deal type
- Majority or full sale
Overview
Operating 110-room four-star resort on 7 ha between the mountains and the sea, with a private beach, infinity pool and permits in progress for 58 villas. Offered at VND 550bn, well below the VND 900bn invested.
Key facts and assets
- 7 ha site backed by mountains and facing the open sea, on the best sunset stretch of Con Dao, with a private beach
- 110 rooms in operation with spacious layouts, private balconies and sea or mountain views
- 58 villas planned; construction permits in progress, suitable for building and selling
- Facilities: infinity pool overlooking the ocean, outdoor pool bar, spa, gym, restaurant, bar and conference hall
- Strong guest reviews for service, staff and scenery
- Occupancy currently below 40% and the business is loss-making, because the owner lacks capital to run it fully to four-star standard
- Total invested about VND 900bn (land plus renovation and construction); asking price VND 550bn recovers the purchase cost from the previous owner
Who it suits
Hotel groups, resort operators and real-estate developers with capital to upgrade and run the resort to a true four-star standard, lift occupancy, and build and sell the 58 villas.
Transaction sought
Sale of the resort for VND 550bn (about US$21.6M). A turnaround opportunity: high-quality hard assets at a large discount to the VND 900bn invested.
USD figures are indicative, converted at about VND 25,500 per US$. Figures come from the seller and are unaudited.