Premium Hotel Business Raising Initial Funds In Jamshedpur

About Business

The company is planning to develop a premium hotel and banquet destination on an owned land parcel strategically located on a major highway in Jamshedpur. The proposed project will feature an upper mid-scale hotel with approximately 100–120 guest rooms, complemented by large-scale banquet and event facilities to cater to the growing demand from corporate travelers, destination weddings, social events, and leisure tourism.

The project is designed to provide a complete hospitality experience through well-appointed guest rooms, a grand banquet hall, pre-function areas, an all-day dining restaurant, a specialty restaurant, business meeting facilities, a fitness centre, and ample parking. The independent access to the banquet facilities will enable simultaneous operation of hotel and event services, maximizing operational efficiency and revenue generation.

The promoter owns the land outright, providing a strong foundation for the project while reducing development risks associated with land acquisition. The proposed hotel aims to capitalize on the increasing demand for quality accommodation, corporate hospitality, destination weddings, medical tourism, and leisure travel in the region.

Clientele type

The project will cater to corporate travelers, business executives, destination wedding guests, families, leisure tourists, medical visitors, event organizers, government organizations, and domestic as well as international travelers visiting the region.

Premises

OWNED

Premise Size: 1 acre

Market Value (in INR): 40.00 Cr

The business will operate from a self-owned premise spanning 1 acre.

Asking Price Includes

The terms of the transaction will be discussed with the potential investors.

Asking Price

INR 25.00 Cr

Minimum ticket size

INR 10.00 Cr

Reason

The promoter is seeking strategic equity investment to develop the hotel project. The funds will be utilized for construction, hospitality infrastructure, interiors, banquet facilities, food and beverage outlets, project execution, and operational setup. The promoter will contribute the owned land as equity while seeking investment to support the overall development and commercialization of the project.

More Details

The owner has prior experience as an Engineering Manager at a leading company and has also worked with HDFC Bank, bringing a strong blend of technical, operational, and financial expertise to the venture.