About this property

Directions
Travelling along Central Promenade towards Summerhill shortly after the Empress Hotel turn left into Empress Drive and continue to the next junction straight up into Empire Terrace and The Ascot can be found on the left.

Description
The Ascot is a very popular and renowned local hotel it is a well presented property which has been run by the same family for over 40 years and one that has always been well maintained and reinvested in to keep the standards that are required along with proactive management and a mix of facilities and accommodation. This hotel lends itself to a family operation or to a hospitality business wishing to expand and benefit from an already successful business that has potential to grow and put their name in the market place on the island. There are very few quality managed and operated hotels on the island but The Ascot is a viable and profitable business opportunity. The hotel benefits from all year business but does close for a short period over December depending on demand. It has a mix of business travelers, tourists offering varied accommodation and facilities .
It is recommended to visit the hotel Web site www.ascothotel.im

Accommodation
This substantial hotel is over four floors with views over the surrounding promenade and coastline road parking nearby easy access to main town and facilities with bus routes close by.

The General Accommodation - Main Reception Area - Bar and Restaurant Areas - Main Kitchen and Preparation/Storage Areas - Toilet Facilities - Boiler Room.
Room Accommodation comprises of mix of 40 rooms all with en suite facilities and tastefully decorated throughout singles/ doubles/twin family. Please see Attached Photographs.

Business
Confidential business and financial details with gross turnover and profit after taxation will be supplied on the basis of a confidentiality agreement between parties this will include the accounts for the operation of the business prepared by the Owners accountants.