1. Businesses
  2. Hotels, Restaurants & Food Services
  3. Chandigarh
  4. Chandigarh
  5. BB003389
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Famous Hotel for Sale at Chandigarh-Ambala Highway

Listing ID: BB003389
Posted By: Third party
Last Active: 1+ year ago
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About Business

This hotel was established in 2015. It is situated in a prime location on the Chandigarh-Ambala Highway. This is a Sole Proprietorship Business which is currently on lease for 3 years.
The Built up area of the hotel is approx. 40000 sq. ft. This is a 7 storeyed hotel with 53 rooms(all air-conditioned).Currently, more than 100 people work over here. They have an in-house restaurant and bar which serves all kind of cuisines and has all necessary licenses. They also house a conference room with a capacity of more than 300 people and a banquet hall. They provide other services like laundry, parking and elevator. They are listed on major travel portals like MakeMyTrip etc.
The revenue per year is more than INR 4Cr with a profit of almost INR 70-75 Lakhs per year. Since the owners are looking to venture into other projects, they are looking to sell this off. The asking price is INR 75Cr(Negotiable).

Reason

Invest in new ventures

Keywords

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Business Tags

good occupancy capacity banquets High Potential licenses Prime Location Spacious Infrastructure

₹10 to ₹200 Cr

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