Very Well-Constructed 3-Star Hotel in Prime Location Is Up for Sale in Amritsar

Listing ID: SL004467
Posted By: Owner
Last Active: 1+ year ago
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Product / Service

It's a well-established 3-star Hotel built in 2009 with Comfort Inn, Choice Hotels specifications.
Rooms: 41
Staff: Currently, 40+ people serve
Facility:Extensive Food and Beverage areas with 2 restaurants (Cafe and multi-cuisine bar and grill on the Rooftop) serving classic salads, entree and global cuisines, Bars for the guests to relax & enjoy a drink & Banquet having capacity of 120 people.
It has also recently renovated Cafe & Terrace Restaurants with designer interiors & impeccable services.
A Hall for events and parties in the basement floor.
Location: Centrally located in close proximity to the Railway Station, Mall Road and easily accessible via airport, key commercial and historical areas, corporate hubs and the pious Golden Temple.
Occupancy Rate:75 to 80%
Well equipped: Imported Equipments as per International Standards
Premises: It's a 584 sq.yards area with Ground+5 storyed building.
The premises are on Fixed Lease (freshly started in Feb'18) of 9 years to a Hotel Brand with INR 1.26 Cr. fixed income annually with 13% increment in every 3 yrs.; Lock-in period of 5 yrs.
Highlights:Amritsar as a destination attracts large number of Foreign and Domestic tourists and the Hotel is well positioned as one of the premium Boutique properties in the city.
Asking Price: INR 21 Cr.

Reason

Personal

Keywords

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Good Interior Prime Location Well Constructed Well-established

₹10 to ₹200 Cr

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