3 Star Hotel Business for Sale on the Puri Beach
Email
Phone
Google
LinkedIn
Facebook
About Business
The hotel has been dormant for around past 7 years. The hotel is located at the heart of the marine drive in Puri. It was one of the well maintained and nicely run hotels and was quite popular among tourists as it was one of the rare hotels with this size on the beach front. The total land area it covers is around 2.8 acres. Having total 36 rooms. The city of Puri in general has 100% room occupancy during peak season, in fact, it has shortfall of good hotels and people are ready to take refuge as PG during peak season. One of the owners owns over 10% stake in this hotel and wants to sell his stake. Other partners can also be ready to sell their stakes so the deal can be possibly converted into outright sale opportunity. Right now there are three partners. The current Valuation of the entire property is between INR 90-100 crores. If the buyer is willing to take the entire property, the deal can be closed for 40-50% below valuation, i.e. anywhere around 45cr- 50 crores. The expected asking price is already well below valuation because of the legal battle.
Reason
Hotel is closed for past few years, Buyer with sufficient resources and backing can get the hotel up and running soon enough.
Keywords
Business Tags
₹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.
Contact IBGrid TeamFrequently Asked Questions
How to contact a business owner directly to buy or invest in a business?
Connecting with a business owner directly is simple! Just follow these 3 easy steps: 1. Create your FREE Investor/Buyer profile on IndiaBizForSale 2. Explore the 'Business Opportunities' section to find 10,000+ business opportunities matching your investment preferences. 3. Click on the 'Contact Business' button and connect with business owner directly. Check here to know how it worksNote: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
How does IndiaBiz verify the business information?
The business opportunity is either posted by the business owner or advisor. After that, 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 to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?
