The Project seeks to attract capital for further significant enhancement and operation of a successful Cambodian resort run under the business name of Sweet Dreams Samloem.
Resort Sweet Dreams Samloem is highly valuated, overall 8.5 stars on booking.com and 9.5 stars for location, operational resort in one of top tourism destinations in Cambodia – Koh Rong Sanloem island.
The management team of the Sweet Dreams Samloem resort is much experienced and well versed in local business features and specificities, permitting to gain a useful inside knowledge into the rather competitive and constantly growing resort hotel business sphere in this Southeast Asia region. The team also owns, supervises and fully manages another resort hotel in the same jurisdiction under the name of ‘Hotel Port Hedonia’.
Current investment opportunity offers CROWDESTOR investors to make a loan with 19.5 % annual interest rate which is paid monthly after 6 months.
Minimum target to be raised in CROWDESTOR platform is EUR 400 000,00 and the maximum target is EUR 440 000,00.
Minimum target: EUR 400 000,00.
Maximum target: EUR 440 000,00.
Loan term: 18 months.
Interest rate: 19.5 % per annum.
Interest payments: first payment is made after first six months for the period of first 6 months
Loan repayment: In full at the end of the Loan Term.
Security:
Crowdestor BuyBack fund: Yes
The Project seeks to attract capital for further significant enhancement and operation of a successful Cambodian resort run under the business name of Sweet Dreams Samloem - https://www.sweetdreamssamloem.com
The resort and infrastructure is located in Saracen Bay, Koh Rong Sanloem, Sangkat Koh Rong, Preah Sihanouk city and more particularly consists of the following:
1) 20 units of one story bungalows
2) 1 Family apartment with 6 bedrooms – 26 bedrooms in total
3) the restaurant building with kitchen, technical premises and reception.
The hotel property is located on leased land plots measuring 40 meters in width multiplied by 500 meters in length, bordering SARIN Bobo on the north, TEP Vuthy on the south, and vacant land on the west.
The management team of the Samloem Hotel is much experienced and well versed in local business features and specificities, permitting to gain a useful inside knowledge into the rather competitive and constantly growing resort hotel business sphere in this Southeast Asia region. The team also owns, supervises and fully manages another resort hotel in the same jurisdiction under the name of ‘Hotel Port Hedonia’ - www.porthedonia.com
The Sweet Dreams Samloem Hotel is expected to continue delivering the same level of attractiveness and recognizability of an affordable good quality resort. Even more, the goal is to make the Sweet Dreams Samloem a benchmark of quality for the whole of the Saracen Bay, the area on the Sangkat Koh Rongisland where major tourist, hotel, catering, and entertainment businesses and services are located.
Resort hotel ‘Sweet Dreams Samloem’ has operated throughout the year 2018 with an average occupancy rate of 89%, while giving the best results in January, February and March when occupancy has been in excess of 99%. The lowest occupancy rate during the year has been in June with 60% rate, second lowest coming in the period May through September with 75-80%.
In year 2018, there has been a total number of 8452 bookings out of 9490 available which, as previously mentioned, renders the overall 89.1% occupancy rate.
High season:
Based on historical results, total income during months of the high season, comprising 3 months per year, is 93k EUR per month, while total expenses accumulated to 50k EUR per month during that period. Main expense positions are as follows: 32% of total expenses go to food and beverages, 26% to salaries, 18% to booking.com and AirBnB fees, 12% to utilities, followed by taxes, CAPEX and other expenses in a range of 3% each position.
Average profit per each high season month – 43k EUR.
Mid season:
Based on historical results, total income during months of the mid season, 7 months per year, is 69k EUR per month with total expenses set at 41k EUR per month. Main expense positions: 31% of total expenses is to cover food and beverages, 24% go to salaries of the staff, 15% for booking.com and AirBnB fees, 14% utilities, followed by taxes, CAPEX and other expenses in a range of 3% each position.
Average profit per each high season month – 27,5k EUR.
Low season:
Based on historical results, total income during 2 months of thelow season of year is 48k EUR per month with total expenses turning out to be 36k EUR per month. Main expense positions can be structured as follows: 27% are for food and beverages, 25% of total expenses go to cover salaries, 17% are to cover the expenses for various utilities, 11% for booking.com and AirBnB fees, followed by taxes, CAPEX and other expenses in a range of 5% each position.
Average profit per each high season month – 12k EUR.
Total profit per year, based on historical results, is expected to be in 346k EUR.
Ratings and reviews on Booking.com
“We had an amazing vacay at Sweet Dreams Hotel, the staff is just formidable, super friendly and professional . It was our best nights during all our stay in Cambodia thanks to the staff (Stan,Micha, Amal). They just do as their possible to make you feel comfortable and feel like you are almost at home. The view from our room was very nice, the cocktails also and everything was clean. The hotel is closed to the other main place and after party you can walk few minutes and profit of this quiet, relaxing place offering by Sweet Dream. It was perfect! Thank you again guys for this amazing sejourn, we will not forget you. Laingo, Felana, Vero” – Laingo, France
“Awesome view, perfect location, not too far from shops and restaurants, but at the same time very peaceful and quite. Basic facilities in room. Wifi on hotel area. Great food, tasty breakfast with few options, and other dishes were very good too. Friendly and helpful staff. One of the best stays in Asia.”
“Nice being picked up in a long boat from the pier rather than having to walk with our bags down the beach. Welcome drink provided. Clean simple room and we’d been upgraded to beachfront which was a nice surprise. Restaurant did good food and there are other places within walking distance if you want a change. You have to pay in cash and the owner has given us a heads up beforehand so we were prepared for this. ” – Rachael, United Kingdom
“Wonderfull place ! Very Friendly Staff ! All was perfect ! Bungalow perfect ! Breakfast Top ! Very good food at the restaurant ! You must book in Sweet Dreams !” -Bruno, France
“The bungalows are amazing. Really clean, right in front of the beach. Beds are comfortable and the AC works perfectly. They have a great spot on the beach. Coffee and food are really good” – Virginia, Spain
Economy - overview
Cambodia has experienced strong economic growth over the last decade; GDP grew at an average annual rate of over 8% between 2000 and 2010 and about 7% since 2011. The tourism, garment, construction and real estate, and agriculture sectors accounted for the bulk of growth. Around 700,000 people, the majority of whom are women, are employed in the garment and footwear sector. An additional 500,000 Cambodians are employed in the tourism sector, and a further 200,000 people in construction. Tourism has continued to grow rapidly with foreign arrivals exceeding 2 million per year in 2007 and reaching 5.6 million visitors in 2017. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron and gems.
Still, Cambodia remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by corruption, limited human resources, high income inequality, and poor job prospects. According to the Asian Development Bank (ADB), the percentage of the population living in poverty decreased to 13.5% in 2016. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the impoverished countryside, which also lacks basic infrastructure.
The World Bank in 2016 formally reclassified Cambodia as a lower middle-income country as a result of continued rapid economic growth over the past several years. Cambodia’s graduation from a low-income country will reduce its eligibility for foreign assistance and will challenge the government to seek new sources of financing. The Cambodian Government has been working with bilateral and multilateral donors, including the Asian Development Bank, the World Bank and IMF, to address the country's many pressing needs; more than 20% of the government budget will come from donor assistance in 2018. A major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance.
Textile exports, which accounted for 68% of total exports in 2017, have driven much of Cambodia’s growth over the past several years. The textile sector relies on exports to the United States and European Union, and Cambodia’s dependence on its comparative advantage in textile production is a key vulnerability for the economy, especially because Cambodia has continued to run a current account deficit above 9% of GDP since 2014.
Tourisms in Cambodia
In the 1960s, Cambodia was a prominent tourist destination in the Southeast Asian region. Due to protracted periods of civil war, insurgencies, and especially the genocidal regime of the Khmer Rouge, Cambodia's tourism industry was reduced to being virtually non-existent. Since the late 1990s, tourism is fast becoming Cambodia's second largest industry, just behind the garment manufacturing. In 2006, Cambodia's tourism sector generated a revenue of US$1.594 billion, which made up approximately 16% of the country's GDP.
The tourism industry in Cambodia has been perpetuated by the development of important transportation infrastructure; in particular Cambodia's two international airports in Phnom Penh and Siem Reap respectively. To the Cambodian economy, tourism has been a means for accumulation of foreign currency earnings and employment for the Cambodian workforce, with about 250,000 jobs generated in 2006.
Tourism in Cambodia is one of the most important sectors in Cambodia's economy. In 2013, tourism arrivals increased by 17.5 percent year on year, with business travelers increasing 47 percent.
In 2018 Cambodia experienced the third largest increase in international tourists in Asean, behind only Vietnam and Indonesia, according to data recently released by the Ministry of Tourism.
In year 2018, the number of international tourists visiting the Kingdom grew by 10,7 percent, a rate surpassed only by Indonesia, where foreign tourist arrivals grew by 11.6 percent, and Vietnam, who saw a 19.9 increase.
A total of 6.2 million foreign visitors travelled to the Kingdom in year 2018, making Cambodia the seventh most visited country by international tourists in 2018. Laos, Myanmar, Brunei ranked eighth, ninth and tenth, respectively.
Tourism in Koh Rong Sanloem
Located just off the coast of Sihanoukville, Cambodia, Koh Rong Samloem is Koh Rong’s stunning sister island. It is a peaceful relaxing destination with breathtaking scenery – Pristine white beaches, clear turquoise ocean waters, and a tropical jungle wilderness. A real ‘island paradise’ – As it is often called by tourists. Here’s all the information on Koh Rong Samloem’s beaches, tourism, history, geography, and villages.
Koh Rong Samloem Island is one of those places that you want to run out and tell the world about, but at the same time keep your own little secret. With just a smattering of low-key accommodation, the island is still very underdeveloped, and its pristine beauty is completely unspoiled by tourism. Besides the standard water activities of diving and snorkeling, the biggest draw on Samloem is the gorgeous beach and the opportunity to disconnect from “real life.”
After experiencing the damage that over tourism has left on the islands of Thailand, you can look forward to somewhere off the grid. As the boat pulls up from the pier, you will be pleasantly surprised at the sheer lack of people. It is almost eerily quiet. Coming from the mainland, it will take some time to transition from the busyness of city life to quiet island living. In a few hours though you will be happy to float around in the calm water, read a book on the shore and just enjoy the serenity of doing nothing.
As of 2017, Saracen Bay has established itself as the main tourist area on Koh Rong Sanloem, with more than a dozen bungalow and villa resorts. Accommodation and prices range from cheap dorm beds to modern villas with air-conditioning, wide-screen TV’s, comfortable beds, and en-suite bathrooms with a hot shower and a western toilet. Other notable tourist destinations include ‘Lazy Beach’ and ‘Sunset Beach’ (located on the western side of the island).
The other significant tourist destination is the quaint little village of M'pai Bai (located on the northern side of the island). It considerably cheaper than Saracen Bay. The village has lots to offer with a good selection of family run guest houses and hostels. It's very laid back and a great place to recharge your batteries. You'll find the village caters for all budgets. With its own beach and two stunning beaches with in walking distance from the village. Not to mention a small water fall at the top of the hill and another one hidden away ... ...
There are 5 main ferry services between Sihanoukville and Koh Rong Sanloem, each taking approximately 40 minutes to get to the island. All services leave from the Ochheuteal (AKA ‘Serendipity’) pier in Sihanoukville. There are also a couple of ‘Slow Boat’ services that take 1.5 – 2.5 hours. These services depart from the local port of Sihanoukville and the piers at Serendipity beach and Victory beach.
Currently there are no banks or ATMs on Koh Rong Sanloem, though its neighboring island Koh Rong now has a way to get cash out. Therefore, travelers to the island are advised to bring cash in order to pay for food, drinks, accommodation and any activities. Businesses that are operating on the island appreciate small denominations as it can be difficult to give change for large bills.
What To Expect on Koh Rong Samloem
Unlike Koh Rong Island, its more touristy neighbor, Koh Rong Samloem Island has not been completely spoiled by the backpacker party culture. This means quiet days, even quieter nights and the chance to feel like you’re part of the natural landscape. Those that are looking for a break from the party in Koh Rong or Sihanoukville will enjoy the laid-back atmosphere. Be ready for some rustic living, though.
Electricity runs on generators and only certain hotels will have electricity running 24/7. On earlier days on the first visits, no one even bother asking for Wi-fi. Wi-fi on the island was like hearing an urban legend. Now most accommodation will advertise that they have free wifi. But give it a try and enjoy the chance to completely unplug.
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