Riad to be built, on 1028 m2 of land, 2050 m2 built, 26 rooms and suites, full basement, authorized plans

Take advantage of this unique opportunity to acquire this riad, in the famous medina of Marrrakech and its famous Jmaa El Fna square, listed as an intangible cultural heritage site and a world heritage site by Unesco.
One of the last remaining old riads is to be rebuilt, and its floor area of 1028 m2 allows for the following permitted plans:
Plans approved to build 2050 m2, including 26 bedrooms and suites, full basement. .
Rare opportunity to acquire in the rapidly expanding Zaouia district, a riad to be rebuilt with title deed of 998 m2 on the ground floor, plus an adjoining douiria of 30 m2, 2050 m2 of living space and a basement of 655 m2.

The plans are approved for 16 bedrooms with en-suite bathrooms and dressing rooms ranging from 28 to 33m2 and 10 suites ranging from 46 to 63m2. Swimming pool measuring 11m x 3m.
In the basement: hammam, spa, sauna, fitness.
Shop, bar, cafeteria, restaurant, lobby, lounges, furnished terraces, solarium, jacuzzi, elevator.
Designed to cater to a high-end clientele and become one of the jewels of the hotel and restaurant industry in the medina.
Estimated cost of the work: €1,800,000
Duration of works: 12 months with double the teams. Fees payable by the buyer: 4%
The riad will be classified as a first-category guest house and will charge rates of €300 to €700 per night.

The estimated daily revenue, based on an average nightly rate of €500 and equivalent additional revenue of €26,000 per day, and an annual occupancy rate of 80%, will be €7,600,000 per year.
An occupancy rate of 100% is possible on the majority of luxury riads.
In this case, the turnover can reach €9,500,000

For the first 5 years of operation, you are exempt from 100% tax on all revenues made in foreign currency.
In the 6th year you are exempt from 50% taxes on revenues made in foreign currency during the first 6 months of the year.
https://www.linkedin.com/pulse/fiscalit%C3%A9-des-h%C3%B4tels-au-maroc-upsilon-consulting/

The cost of the investment; purchase of the riad, works, furnishings and expenses will reach 6.5 million euros. .

The return on investment can be achieved in 7 years in the case of an occupancy rate of 80% and in 6 years in the case of an occupancy rate of 100%.

You will have full freedom to modify the plans while respecting the urban planning regulations of the medina, to choose your architect as well as the companies in charge of the construction.
With 45 years of experience in Marrakech, we can assist you with all the necessary steps and connect you with the right people to develop and successfully complete your project.
Morocco has taken off, come and invest in the leading country of controlled development in Africa.
Welcome to Marrakech. .

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Direct Contact: 00 212 661 157 152 [email protected]

Take advantage of this unique opportunity to acquire this riad in the heart of Marrakech's renowned medina and its famous Jemaa El Fna square, a UNESCO World Heritage Site and Intangible Cultural Heritage site.

This historic riad, requiring reconstruction, offers a 1028 m² footprint and allows for the following permitted plans: Plans are approved for a total of 2050 m², including 26 bedrooms and suites, and a full basement. A rare opportunity to acquire a riad in the rapidly developing Zaouia district, with a 998 m² footprint and an adjoining 30 m² outbuilding, for reconstruction, totaling 2050 m² of living space and a 655 m² basement.

The approved plans include 16 bedrooms with en-suite bathrooms and dressing rooms, ranging from 28 to 33 m², and 10 suites ranging from 46 to 63 m². Swimming pool (11m x 3m). Base: hammam, spa, sauna, fitness center. Shop, bar, cafeteria, restaurant, lobby, lounges, landscaped terraces, solarium, jacuzzi, elevator. Designed to cater to a high-end clientele and become one of the jewels of the medina's hotel and restaurant scene.

Estimated construction cost: 1,800,000 Construction time: 12 months with double the teams. Buyer's fees: 4%. The riad will be classified as a first-category guesthouse and will charge rates of 300 to 700 dirhams per night. You will have complete freedom to modify the plans while respecting the medina's urban planning regulations, and to choose your architect and construction companies.
Daily revenue, with an estimated average nightly rate of €500 and equivalent additional revenue of €26,000 per day, and an 80% annual occupancy rate, will be €7,600,000 per year.
A 100% occupancy rate is possible for most luxury riads.

In this case, revenue can reach €9,500,000.

For the first 5 years of operation, you are exempt from 100% of taxes on all revenue earned in foreign currency.

In the 6th year, you are exempt from 50% of taxes on income earned in foreign currency during the first 6 months of the year.
https://www.linkedin.com/pulse/fiscalit%C3%A9-des-h%C3%B4tels-au-maroc-upsilon-consulting/

The investment cost, including the purchase of the riad, renovations, furnishings, and other expenses, will reach €6.5 million.

The return on investment can be achieved in 7 years in the case of 80% occupancy rate and in 6 years in the case of 100% occupancy rate.

With 45 years of experience in Marrakech, we can assist you with all the necessary steps and connect you with the right people to develop and successfully complete your project.

Morocco has taken off; come invest in the leading country for controlled development in Africa. Welcome to Marrakech. Direct Contact: +212 661 157 152 [email protected]