Agent: Cliff Jacobs - Managing Principal Estate Agent
Agent Cellphone: 0844131071
Agent Office Number: 0617166951
Agent Email Address: email@example.com
Yield: Not Disclosed
Try local okra crab stew in Wiase Restaurant with a slate-chiselled world map as the backdrop, while wild animals adorn the murals in Safari Bar.
Leave your vehicle in our complimentary car park when you arrive via Accra's main Abose-Okai Road. Report back to the office with complimentary high-speed Internet from your Guest room after Central Business District meetings at Barclays and Ecobank, 1km away. We can ease your workload with printing and secretarial services in our Business Centre.
It's just 10 minutes' drive from our Accra Airport hotel to Accra's 400km stretch of white sandy beaches. Monuments commemorate liberation in Independence Square, 6km away, while modern Ghana's founding father is remembered at nearby Kwame Nkrumah Museum. Just ask our Guest Relations staff to help you plan your Accra travel.
Work up an appetite on the cardio machines in the air-conditioned MiniGym at our Accra Airport Hotel. You'll soon feel relaxed after a few lengths in the 16-metre swimming pool and a massage in the beauty salon.
Complimentary Fitness Center
Small Mini Gym with free weights, Treadmills and Cross Trainers
Hours of Operation: 6:00 AM to 10:00 PM
Fitness Center Equipment:Treadmill, Free Weights, Stationary Bicycle
On-site Barber/Beauty Shop
Fitness Center Type:LIMITED
Restaurants On-site: 2
Complimentary Full Breakfast Available in Executive Rooms, Suites and Rooms
Complimentary Breakfast Buffet Available in Executive Rooms, Suites and Rooms
Complimentary Continental Breakfast Available in Executive Rooms, Suites and Rooms
Room Service Available in Executive Rooms, Suites and Rooms from
12:00 AM - 12:00 AM
Our restaurant offers a large variety of traditional and contemporary dishes for every occasion. Breakfast is served from 6.30 to 10.00AM, the buffet lunch is from 12.30 to 2.30PM and dinner is from 6.30pm to 10.30PM.
Location: Ground Floor
Serves: Breakfast, Brunch, Lunch, Dinner, Dessert
Hours of Operation: 6:30 AM-10:30 PM
Location: Pool Side Ground Floor
Serves: Breakfast, Lunch, Dinner, Dessert
Hours of Operation: 10:00 AM-11:00 PM
24 hrs Lounge and Bar
Location: Close to the Wiase Restaurant
Hours of Operation: 6:00 AM - 11:45 PM
Accra is the capital and largest city of Ghana, covering an area of 225.67 km2 (87.13 sq mi) with an estimated urban population of 2.27 million as of 2012. It is organized into 10 local government districts – 9 municipal districts and the Accra Metropolitan District, which is the only district within the capital to be granted city status."Accra" usually refers to the Accra Metro Area,, which serves as the capital of Ghana, while the district, which is within the jurisdiction of the Accra Metropolitan Assembly, is distinguished from the rest of the capital as the "City of Accra". In common usage, however, the terms "Accra" and "City of Accra" are used interchangeably.
The intersection of the Lafa stream and Mallam junction serves as the western border of Accra, the Great Hall of the University of Ghana forms Accra's northern border, while the Nautical College forms the eastern border. The Gulf of Guinea forms the southern border.
Formed from the merger of distinct settlements around British Fort James, Dutch Ussher Fort, and Danish Fort Christiansborg as Jamestown, Usshertown, and Christiansborg respectively, Accra served as the capital of the British Gold Coast between 1877 and 1957 and has since transitioned into a modern metropolis. The capital's architecture reflects this history, ranging from 19th-century colonial architecture to modern skyscrapers and apartment blocks.
Accra is the Greater Accra Regions's economic and administrative hub, and serves as the anchor of the larger Greater Accra Metropolitan Area (GAMA), which is inhabited by about 4 million people, making it the thirteenth-largest metropolitan area in Africa. Strategic initiatives, such as transportation, are coordinated between the local government authorities, while the Accra Metropolitan Assembly, based in West Ridge, is responsible for the administration of the 60 km2 (23 sq mi) City of Accra only.
The central business district of Accra contains the city's main banks and department stores, as well as an area known as the Ministries, where Ghana's government administration is concentrated. Economic activities in Accra include the financial and commercial sectors, fishing and the manufacture of processed food, lumber, plywood, textiles, clothing and chemicals. Tourism is becoming a thriving source of business for those in arts and crafts, historical sites and local travel and tour agents. The Oxford Street in the district of Osu has grown to become the hub of business and night life in Accra.
The Investment Summary
The hotel is to be let to be let to an international hotel operator with a triple net lease term of 10 years.
Very high REVPAR.
In excess of 80% occupancy.
3% annual escalation.
Tenure: Leasehold. Expires on January 2098.
Forecast Net Income (Jan 2018 to Dec 2018): 4.5 million US dollars.
Proposed annual net rental (year 1): 3,15 million US dollars.
Vendor seeks 38 million US dollars, subject to contract for the leasehold interest.
Pricing reflects, at least, a 7% net initial yield.