Industry: Hospitality Geography: Asia/India Type: Outright Sale
Property Details
- Area: 2,50,000 sq ft
- Operation started: June 2011
- Accommodation: 200 spread in 16 floors (16+B+G)
- Amenities: 3 restaurants, 1 24-hr coffee shop, 3 bars, 1 health club, 1 game center, 1 business center, 6 floors of parking, swimming pool, 3 banquet halls, 1 crew lounge, 1 beauty parlor.
Operational Details
- Average Occupancy 75%
- Seasonal Months Occupancy 100%
- Standard Room Rate US$185 per day
- Management Contract with a five star chain with a renewable lock-in period of 10 years
Promoter Background
- Group’s global turnover is more than US $100 million
- Core business is furniture manufacturing and international trade.
Asking Price:$55 million
The property has excellent prospects as the location is a prominent tourist center in South India. With government pushing for more FDI in the state, there is high business potential as well. The promoters are looking for an outright to focus on core businesses.
No comments:
Post a Comment