Beautiful nature setting hotel resort and 0.4 hectare hard title land for sale | Kampot

Details

Just 4 km from Kampot new bridge is this turnkey, family owned hotel resort business on 0.4 hectare hard title land in a nature setting in operation since 2014 but now for sale as the owners wish to commence a new business.

Set in extensive natural landscaping, it accommodates 36 guests in comfort with a mix of bungalows, rooms and family suites.

Pre-Covid 2019 was the best high season on record with occupancy up 24% YOY and room rate averages up 25%.

The asking price includes a hard title plot (3857sqm) making this a rare business opportunity to buy into a developing area in Kampot with rising land prices.

Kampot hotel resort features:

• Large restaurant / bar with seating for 40
• Spa and gym with own online identity
• Electric lines for spa (3 phase) and resort (63 amp)
• 20 metre natural swimming pool
• Road access to 3 sides of the property
• Unfurnished 2 bedroom house + 2 staff bungalows
• Good online presence with excellent reputation
• Rare opportunity to purchase a successful turnkey freehold business
• Built 2014 and renovated Spring 2019
• Deluxe bungalows
• Spacious and cool earth bag, thick wall design
• En-suite bathrooms with hot and cold showers
• Total accommodation 18 bedrooms (sleeps 40) + 18 bathrooms

Effects of Covid on the hotel:

This resort operated throughout the pandemic by offering medium-long term accommodation and maintained occupancy at over 75%. The business reduced overheads to ensure profitability as well as to retain as many local staff as possible.

In late 2021, the resort started offering short term accommodation and currently has a good balance of revenue from short term and long term bookings.

In 2020 – 2021 100% of our accommodation was rented as long term monthly lets, which is now around 60% to allow for foreign and domestic tourists traveling to Kampot for short breaks.

Revenue March 2018 – March 2020

Property ID: KAM.A7

Accessing property from Phnom Penh and Sihanoukville

Road 3 upgrade is almost complete, so travel time from Phnom Penh will be 2 hours, making this a perfect weekend destination with Kampot just over 40 mins away.

We invite you to consider this offer and grab it before it is too late.

Land values in this area are rising steadily, so this price will not last for long.

Tourism Infrastructure

According to the Tourism Infrastructure Project, tourism – specifically Kampot, Kep and Koh Kong – is expected to increase 500% by 2025.

Further, the Government’s Tourism aims to enhance (i) travel connections; (ii) product development; (iii) tourist safety; (iv) marketing; (v) the business environment; and (v) HR development.

New government policy identified in ‘New tourist policy afoot’ (Phnom Penh Post 07/08/2022)

“… The government continues to prepare its “special tourist policy” to support growth in the ailing travel industry and add value to the sector by attracting various classes of visitors who may become involved in socio-economic development.

 The Ministry of Tourism on August 6 said in a statement that it had held a workshop on the latest draft of the policy two days earlier with representatives of about 60 public and private institutions.

 Ministry secretary of state Tith Chantha told the workshop that while a typical traveller spends an average of $700-800 per trip to Cambodia.

The “special tourist” described in the policy spends $2,000-3,000, visits the Kingdom more often and stays longer, and a “majority” have businesses or jobs in the Kingdom, according to the statement.

“If tourists do obtain the rights to buy land to build lodging, it should only be allowed in the main tourism areas or in sacred tourism destinations such as Siem Reap, the coast, the northeast, but not in border areas,” Chantha said.

He shared that the policy aims to turn ecotourism into a more attractive investment option, and will contain mechanisms to attract more tourists in the future.

Speaking to The Post, Thourn Sinan, chairman of IMCT Co Ltd and Pacific Asia Travel Association Cambodia chapter (PATACC), agreed that the government should consider allowing investors to buy homes.

He also voiced approval of the citizenship by investment programme.

Overall, the policy is “appropriate at this time”, “very beneficial” and will not only attract longer stays, but also bring in more travellers who may become investors…”

Drone footage of Kampot (Jeff Perigois)

Tourism Growth Project

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