Listing Details : LB-20928

Asking Price 170 Crs
Turnover 23 Crs
Legal Entity Proprietorship
Category Hotels & Resorts
Sub Category Hotels
Business Listed By Business Broker

Overview

A running 4-star hotel is available for sale in Amritsar, operational since November 2017. Built on 1,250 sq. mt. land area with 5 floors and a built-up area of 65,000 sq. ft., the property offers 130 well-established rooms with four passenger lifts. Guest amenities include an all-day dining restaurant, bar, outdoor breakfast area, swimming pool, and gym. The hotel features ~5,000 sq. ft. of banquet and meeting space, including a 2,500 sq. ft. ballroom and multiple meeting rooms, creating strong MICE potential. Current ARR stands at ₹4,978 with 65.9% occupancy. The ground and first floor, measuring approximately 35,800 sq. ft., are leased to a pharma and other reatil brands for pharmacy outlets, generating ₹16.5 lakh per month as additional rental income, with a 15% escalation every three years.

Year of Establishment

2017

No. of Employees

N.A

Current Status of Business

Running

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

Commercial

Describe Property

N.A

Competition / Market

Yes

Products & Services

4-Star Hotel

Growth Potential

Very high potential

Reason For Sale

Retirement

Financial Details

Listing Details : LB-20928

Asking Price 170 Crs
Turnover 23 Crs
Legal Entity Proprietorship
Category Hotels & Resorts
Sub Category Hotels
Business Listed By Business Broker

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