Listing Details : LB-14989

Asking Price 9 Crs
Turnover N.A
Legal Entity Proprietorship
Category Hotels & Resorts
Sub Category Hotels
Business Listed By Business Owner

Overview

A promising new hotel venture located along the picturesque in Shimla, is currently under construction and poised to make a significant impact in the hotel and resort industry. Spanning a generous 430 square yard of land, this expansive property will feature a built-up area ranging from 24,000 to 30,000 square feet, accommodating a total of 50 well-appointed rooms designed for comfort and luxury. The hotel aims to offer a comprehensive range of facilities tailored to meet the needs of both leisure and business travellers. Currently available for an asking price of 9 crores, the sale is motivated by bank liabilities, presenting a unique opportunity for investors to acquire a strategically located property in a sought-after tourist destination. As the construction progresses, the resort promises to be a premier choice for visitors seeking a tranquil getaway amidst the scenic beauty of Shimla, making it an ideal investment for those looking to enter or expand their presence in the hospitality sector.

Year of Establishment

N.A

No. of Employees

N.A

Current Status of Business

Bank Stressed

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

N.A

Describe Property

N.A

Competition / Market

Yes

Products & Services

Hotel and Related services

Growth Potential

High

Reason For Sale

Exit from the business beacause of Bank Liability.

Financial Details

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