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Shanghai Jiading 83503 square meters 5-star hotel for sale

243,375,000 USD
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Land ID: 13316 Update time: 2020-09-20 23:58:13
Trading years: 50 years Size: 83503sqm
Transaction type: for sell

Words from Seller

<p><br/></p><p>Hotel is located in Jiading District, Jiading District, one of the most rapidly growing areas of Shanghai, Jiading District, Huancheng Road Jiatang Junction, close to the starting point of Rail Transit Line 11 Jiading North Station.</p><p>The hotel consists of two parts of a skirt room and main building, with a total building area of 83503 ㎡, of which two floors are 25739 ㎡ in the ground floor and 57764 ㎡ on 23 floors above ground.</p><p>As well as 14.5 acres of net land (immediately to the hotel), the land is commercial and can be built as hotel apartments, currently the only piece of this type of land in Jiading, planning volume rate 2.0.The overall sale of the company's equity is now proposed, with an equity transaction price of 1.65 billion yuan and original recorded invoices of 1.3 billion.(The project company contains 14.5 acres of commercial land, volume rate 2.0, can make 19,000 square meters of hotel-style apartments, now net of direct development), the project company's existing external debt of 870 million yuan (700 million yuan for bank loans, 170 million yuan is owed).The hotel's annual revenue is 120 million yuan.</p><p><br/></p>
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