Famous Hotel for Sale at Chandigarh-Ambala Highway

Listing ID: BB003389
Posted By: Third party
Last Active: 6+ months ago
Verified User Information
emailEmail
phonePhone
googleGoogle
linkedinLinkedIn
facebookFacebook

Product / Service

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

Business Tags

good occupancy capacity banquets High Potential licenses Prime Location Spacious Infrastructure

₹10 to ₹200 Cr

Complete Investment Banking Solution in 120 Days

Seamless Fundraising/M&A transactions

Start your growth journey with our 25+ Years of Experienced Professional Team.

Share your Proposal

You may also like

Frequently Asked Questions

How to contact a business opportunity?
Click on CONTACT BUSINESS button on the business opportunity page to get connected. This allows you to gain access to contact details of opportunity in exchange with your details. Please note, getting contact detail of a business is called an introduction and each membership plan has different introduction credits. If you do not have any introduction credit in your account, you can neither connect nor get the contact details of that business opportunity.

How does IndiaBiz verify the business information?
Business opportunity is either posted by the business owner or advisor. After which, our team checks the information for completeness, language and accuracy. Once the basic checks are met; only then the opportunity is published.
We also get users feedback for the opportunities they contact and based on their feedback, the opportunity maybe put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks.
We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone / email.

What support can I expect from IndiaBiz?
Based on your membership plan you can get email/ phone/ online support for communication with the other side, account queries, etc.
If you are looking for a specific type of business opportunity - our Assisted Buying services can be useful.
Our Advisory team also provides support related to business valuation, business plan documents, franchise expansion plan at a fee. Contact sales team for more details on your requirements.

Click here to see how it works

As a seller, you are not allowed to contact another seller.

You cannot contact the seller as the Business Listing is On Hold

Error Occured

You cannot contact the seller as the Business is not available Anymore.

You cannot contact the seller as the Business is Sold.

Your mobile number is verified.
Your message will be sent after you have listed
your Buying requirements (takes 2-3 minutes).
Press Next.

Your message will be sent only after you have
verified your email-id. Please check your email.
Press Next.