3 Star Hotel for Sale in Vadodara (Asset Sale)
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It is a newly built 3 star hotel located in prime locality of Karelibaug, Vadodara that is available for sale. The property is a well-established hotel started in 2013 that has 2 banquet halls, a board room and a restaurant. The hotel is already being run by a hotel management company. It is given on lease to this company for 9 years. The total lease amount the company receives is around INR 1.26 Crores and the rent increases by 15% every 3 years. Total carpet area of the hotel is around 6800 sq ft. with the built-up area of around 30000 sq. ft. Asking price: INR 21 Crores. (please download the attached document for more information)
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Promoters are looking to exit non-core business
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₹10 to ₹200 Cr
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