For sale a Resort development project in the famous location of Marsa Alam.
The project is up to the new buyer to either continue with the same plan or change it. If progressed with the same design, he could have a 660 villas to sell individually or rent (as a resort) beside the hotel and the businesses provided within the resort. Expected high ROI.
A portion of the 660 villa project has been completed
Foreign Investment has been approved for this project
The coral reef in his are is one of the best in the red sea area which is why Marsa Became a tourist hotspot.
2. The depth of the marina in his resort is sufficient for big and small boat to set in and is one of the reasons why the coral reef is protected from mud and many environmental factors.
The company is registered and legally owned with no debts or financial problems.
Updated on January 12, 2021 at 2:21 pm
| Property ID: | L#20210006 |
| Property Type: | Construction Project |
| Property Status: | For Sale |
| Asking Price: | $86M |
| Gross Revenue: | TBD |
| EBITDA: | TBD |
| Country: | Egypt |
| City: | Marsa Alam |
Hotel Project in Marsa Alam, Egypt
