Opportunity to acquire a hotel development once completed. Upon project completion, investor is handed over an operational 3-star, 4-star or 5-star hotel from Marjan based on the investor’s requirements.
Ideal for hotel owners, REITs and new investors.
- Provide land plot suitable for development depending on investor’s requirements.
- Agree with investor on hotel positioning and selection of a reputable hotel operator.
- Agree with investor on development budget, payment plan and pro forma for the hotel development.
- Obtain the necessary approvals from the relevant authorities to develop the project.
- Manage the construction of the project and deliver the hotel development on budget and within the agreed time frame.
- Hand over completed and operational hotel to the investor.
- Provide documents to support creditworthiness.
- Agree with Marjan on commercial terms for the subject development.
- Approve development budget, proforma and payment plan.
- Purchase completed and operational hotel within the agreed time frame.
Equity IRR for
Budget for 4-star
hotel (excl. land)
Marjan is the leading master developer for freehold land in the Emirate of Ras Al Khaimah, offering ample development and investment opportunities with 100% foreign ownership and tax benefits.