Hill Station Hotel Property For Lease/Sale In Shimla
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About Business
The business is engaged in operating a hospitality property offering accommodation services in a tourist-focused hill destination. The property is surrounded by natural greenery and forest views, catering to travelers, tourists, and leisure visitors.
Property Details
The hotel operates from a 6-floor building and currently has 16 guest rooms, including:
- 4 Super Deluxe rooms
- 4 Premium rooms
- Remaining Deluxe rooms
The existing structure also provides the possibility to extend and develop 4 additional rooms.
Infrastructure and Facilities
The property includes various operational facilities such as:
- Reception area
- Staff room
- Washroom facilities
- Parking area
The building structure is also prepared for future lift installation.
Location Advantage
The property is situated near a popular tourist destination and is located approximately 1.5 km from the national highway, providing convenient accessibility for travelers.
Operations
The hotel property is currently available on a lease model. During the previous financial year, the business achieved revenue of approximately INR 32.5 Lakhs.
Expansion Potential
The business also has access to a connected adjoining plot where the structural approval for approximately 20 additional rooms is already in place, creating future expansion opportunities for the hospitality operations.
Lease Information
The lease opportunity for the property is available at approximately INR 36 Lakhs.
Clientele type
The business primarily serves tourists, holiday travelers, families, and leisure guests visiting the hill destination, along with catering to travel agents and tourism-related hospitality demand.
Premises
OWNED
Premise Size: 10000
Market Value (in INR): 5.00 Cr
Asking Price Includes
The entire property will be part of the transaction.
Reason
The entire hotel property is available for lease. It was previously leased out, but the agreement could not be continued due to certain issues, and the owner is now actively seeking a new lease arrangement for the property.
In addition to the lease option, the owner is also open to a complete sale of the property. The asking price for outright purchase is approximately INR 6 Crore.
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₹10 Cr to ₹200 Cr
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