A circa 20-acre private Island suited for an upmarket Wellness / spa Resort in South India. Asset sale 230 Cr

By Jinu
Posted On: 08 / Sep / 2022
0 614

Deal Details

Annual

Deal Type

Sell (Strategic Investors)
Maximum Loan

Industry

Hospitality
Charge

Deal Status

Active

Deal Description

  • The Island one of its kind, is privately owned (clear title) in Gods Own Country – Kerala with all necessary infrastructure & permissions to operate.
  • The Group has spent a lot of time, money and effort in building this only exclusive island property which already attracts international tourists for their ayurvedic rejuvenation treatment.
  • It is an operational not for profit ayurvedic rejuvenation and treatment centre and one of the 4 exclusive properties of the Group.    
  • The island also comes along with Main Land of ~1 – 1.5 acres land which has the reception as well as the private jetty to the ride to the island.
  • The Main land is on the National Highway.
  • The Island is extremely well connected by 2 National Highways and accessible to 3 international airports . Cochin Airport & Calicut Airport – both ~1.5hrs away, Coimbatore Airport  which is about 3hrs away.
  • Also very close to popular pilgrimage centre which in addition to the Island drive tourists to visit this area.
  • The Island has the potential to add additional rooms including floating cottages based on your architect designs.  
  • With the beautiful natural surroundings, flora, backwaters, sea 10 minutes boat or car ride away, near to the popular tourist spots including beach, this is well positioned to be a Uber Luxury experience like no other and be a marquee premium hospitality property.   
  • Within the current infrastructure of the island, floating cottages as well as the 1.5acres on Mainland, there is enough scope to increase the # of rooms to over 75 rooms depending on the architectural designs.
  • Please note this is an asset sale and not a business valuation based deal.

No Files Attached

Deal Value
230 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed