Well Established and Fully Functional Star Hotel Providing Cozy Accommodation of Great Comfort is up for Sale
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Product / Service
Single Accommodation
Double Accommodation
Twin-bed Sharing
Conference Halls
Function Halls
Board Rooms
Multi-Cuisine Roof Top restaurant
Drive-In Restaurant
Pickup Drop Services
Ample Parking Facility
Clientele type
Tourists
Leisure Travellers
International Guests
Business Travellers
Premises
Own Property
Total Area of Land - 70 Cents or 0.7 Acres or 14 Grounds
Build up Area - 100k Sq Ft
Total Floors - 9
Total Rooms - 96
Meeting Halls/Conference Rooms - 4
Staff Rooms - 4
Generators for Uninterrupted Power Supply - 3
Vehicles - 4
Hotel Room Assets worth Crores
Asking Price Includes
Land
Business Assets
Complete Business Setup
Intellectual Properties
Reason
Lack of funds to upgrade the hotel to 4 star
Unwilling to open a grand bar to attain 4 star status
Other Details
Business Strengths
• With 27 years of service with utter dedication and courtesy, Hotel is one of the most sought-after accommodations in the region currently.
• Strategically places in the prime area of Coimbatore - also known as 'The Manchester of South India'
• The hotel location is central to the Shopping/Business areas well connected with Intercity Bus Station, Town Bus Station, Railway Station, and International Airport.
• The team has a track of Success in the hotel industry.
Future Scope
• Upgrade the star grade of the hotel from 2* to 4* by renovating the hotel with bar facilities.
• ROI can be achieved at 10% per year with this renovation, as it will double the revenues currently being generated.
Team Management
The management team has years of business and marketing experience that allows to market and serve customers in the same manner as most of the star hotels.
The Hotel is running at 80% occupancy rate and in winter, it's almost 100% occupied.
Last Year Turnover is INR 8.5 CR
Asking Price is INR 125 CR
Keywords
₹10 to ₹200 Cr
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