Listing Details : LB-12889

Asking Price 30 Crs
Turnover 1.4 Crs
Legal Entity Proprietorship
Category Hotels & Resorts
Sub Category Hotels
Business Listed By Representative

Overview

A 13-14 year old Pre-leased hotel for outright sale in Bangalore. The land area of the hotel is 900 SQ.YARDS and the build-up area is 24000 sq. feet. Ground + 4 storied. The hotel has 56 Rooms It has FNB outlets: Fine-Dine Restaurant, Coffee Shop, Banquet Hall, Big kitchen. The hotel has Room Service, Multi Cuisine Restaurant, a Coffee Shop, Free Access to Wireless Internet, and 2 Sizes of Party Halls to accommodate 30 to 150 guests. The room tariff started from Single Rs. 3500-Rs7000. Recently major renovations were done to the tune of Rs 2.5 crores. We have rented the hotel to a brand for a 9-year lease for Rs 12 lacs per month with a 5% escalation every year. The rent was started in Nov 2023

Year of Establishment

2008

No. of Employees

15

Current Status of Business

Running

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

Commercial

Describe Property

900 sq.yards

Competition / Market

we have competitors

Products & Services

3 star pre-leased hotel for sale i

Growth Potential

high

Reason For Sale

Age of owner

Financial Details

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