Deal Description

The details of the property are as follows : It is an operational , newly built property, there is a branding and management agreement for 15 years to manage the hotel with a globally reputed international 5-star brand which cannot be disclosed here for privacy reasons but all in depth details will be given during telephonic/in-person conversation . The hotel is very strategically located and serves as the first nearest hotel to the Chandigarh International Airport. The construction quality including plant , machinery , interiors , MEP , room amenities are all 5-star standard and as per the international specifications of all 5-star brands. Total land : 6600 sqyd ; Current Market value of the land as per recent sale and purchase Rs.70,000/sqyd. - Total Built up area : 1,65,000 sqft spread across 104 Rooms of 4 categories of international 5 star standards with top notch interiors and high class room amenities. - Room sizes vary from 40 sqm. to 82 sqm. - Over 20000 sqft. Of banquet halls and meeting space for a capacity of upto 1600 guests. - Lawn attached with ballroom of around 16000 sqft. - All day dining Restaurant - Bar Lounge - Rooftop restaurant - Nightclub ( yet to be functional) - Business centre - Rooftop pool and lounge area. - In house gym - In house spa with 3 therapy rooms and a salon. - In house world class laundry Financials : - Pre Covid Annual Gross sales run rate of Rs. 36crores (~3 crore monthly) with around 38- 43% GOP. - Already surpassed pre Covid revenues in Aug, Sept and Oct 2021 with 43.5% GOP in October. - Term Loan of Rs.30 Crores from a nationalised bank. - Crossing 2.9 Cr in Nov Current ask is 145 crore.

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