48 ROOMS HOTEL IN PRIME LOCATION FOR SALE IN JERUSALEM

48 ROOMS HOTEL IN PRIME LOCATION

FOR SALE IN JERUSALEM

LOCATED IN THE MOST DESIRED ONE SQUARE KILOMETER

Here is an opportunity to own , create and build an hotel

Where everyone wants to be.

JERUSALEM HEART

LETS TALK DETAILS

* 718 sqm plot

* Private land \ free hold \ full ownership

* currently 1200 sqm built

* Permit – Approved

* Permitted total of 2500 sqm , 48 room

* Rezoning option for another floor of 300 sqm ,

can be either for more rooms or residential apartments

( Appreciation tax required )

* Government support , 20% of project cost and option for 13% more if

owners will aim for 3 stars hotel

* That 1 kilometer Radius is full for of high end expensive large hotels

but very few offers for low cost or boutique hotel

* There is 18% increase of demand and 10% increase in new hotel rooms

* Cost of such hotel projet can be run at 6000-8000 nis per sqm