Premium Location Hotel for Sale in Chennai
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The well-established hotel started in the year 1980. The hotel is located in prime location in Purasavakkam High Road in Chennai city. The hotel is most sought after and preferred by travellers' due to its proximity to Chennai Railway station. The land is owned by the owner. The land area is 12,000 Sq.ft. The hotel has Ground + Three Floors. The Hotel has 39 rooms. The total carpet area of hotel is 50,000 sq.ft.
The Hotel has A.C. Rooms and Non A.C. Rooms. They have facilities of Single Bed, Double Bed, Triple Bed rooms. They are tied up with Just Dial, Indiamart, etc. They charge INR 800 for Non Ac and INR 1000 for A.C. The Hotel occupancy is always 100 percent during seasonal and 60-70% during non-seasonal. They have total 20 employees.
They have slowed down the business. The owner is aged and would like to retire and is not able to manage it now. The owner wants to sell the hotel with real estate.
The last year turnover was INR 1 crore. The asking price with real estate is INR 30 crores. (negotiable)
Reason
Unable to Manage
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₹10 to ₹200 Cr
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