Hold

Products/Service

Hotel since 2009, with 20 rooms, a restaurant and a bar in Vashi is looking for acquirers. The total plot area is 3200 sqft. Occupancy rate is 75% on an average with over 65% corporate clients. Facilities: 24*7 Water and electricity, markets and parking. The hotel holds all the necessary valid licenses including BMC - Health, First grade, Shop and Establishment, Maharashtra Trade. Excise License - BMC, PPEL, license all each & every paper up to date. The hotel has given 2000 sqft to bank on lease for 10 years (6 years balance). Rent received from bank: Rs. 2.5 Lakhs per month + Deposit for 11 months (starting from April). Restaurant and bar (2000 sqft.) given on rent with deposit for 11 months. Rent earned: Rs. 1.20 Lakhs. Another 900 sqft. given on rent with monthly income of 1.10 Lakhs p.m. and 11 months deposit. Asking price is Rs. 17 Crores (Negotiable)

Reason

Own more than 1 hotel and want to focus on managing the others.

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