Partially constructed Three-star Hotel in Nellore For Sale
Email
Phone
Google
LinkedIn
Facebook
About Business
Hotel and Convention Hall.
Clientele type
N/A
Premises
A total of five floors have been constructed, with the 3rd, 4th, and 5th floors designated for hotels. The combined carpet area of the 3rd and 4th floors is 40,000 square feet, and the 5th floor measures 5,000 square feet
Asking Price Includes
Hotel and the Convention Center
Reason
Working Capital for Alternate Business.
More Details
The hotel is situated in the main commercial area of Nellore. We have also signed an MOU with the Fortune Group of Hotels; royalty percentages and other financial details can be shared with interested buyers.
In total, we have constructed 60 rooms. The hotel is 80% completed. We have permission to construct a bar on the top floor of the restaurant. The hotel is 90% completed; only finishing touches are left due to the COVID-related work stoppage.
There is a separate two-floor parking space measuring 40,000 square feet.
Keywords
₹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?
