Business for sale - Hospitality Business in Hotels looking to sell its business at MergerDomo | ISB8378M
A Hospitality (Hotels) entity from India is looking to sellout.

Posted By - Investment Banker

BUSINESS BRIEF

Introduction- The group owns 3 hotel properties in Tamilnadu, 2 in Chennai & 1 in Ooty. The one in Chennai is a 3-star hotel property located in T Nagar which is centrally located. The 2nd Property in Chennai is a Convention center cum hotel.

Chennai Hotel Property Details :

  • 3-Star Hotel
  • Total Land Area- 24,000 Sq Ft.
  • Built Up Area- 105,000 Sq Ft.
  • 125 Rooms of different categories

Chennai Convention Centre cum hotel details :

  • Total Land Area- 8500 Sq Ft.
  • Total Built Up Area- 35,000 Sq Ft.
  • 15 well-furnished rooms
  • Air Conditioned Hall with dining facility to accommodate 800-1000 people

Ooty Hotel Details –

  • 2 Star Category
  • Total Land Area- 35,000 Sq Ft.
  • Built Up Area- 75,000 Sq Ft.
  • Total Rooms- 96

Note- There is a bank exposure on all the 3 hotel properties. The ownership is in a company name. We are helping the Client in restructuring the existing liabilities & help them in the exit.

Valuation- The bank valuation for all the 3 hotel properties together is around 450 Crore.

The Ask- For a serious hotel investor, we can close this transaction at 250 Crore (all the 3 hotel properties). This includes the closure of the existing bank liabilities as well.

Current Status- All the 3 hotel properties are operated & well managed by a professional team.

Proposal

Dealsize IconDeal Size INR 250 - 260 Cr
Motives For Sellout Raising Capital
Industry Icon

Industry

Hospitality

Subindustry Icon

Sub-Industry

Hotels

Management is open to continue with the business for handholding the new investor/buyers

Business Operating Information

Industry Icon Industry: Hospitality

Industry Icon Sub-Industry: Hotels

Division

Division`s Buyers/Customers

Division`s Plant Location

Division`s Products/Services

Financial Information

2019 (in Cr) 2020 (in Cr) 2021 (in Cr) 2022 (in Cr)
Sales N.D N.D N.D N.D
EBDITA N.D N.D N.D N.D
PAT N.D N.D N.D N.D
TOTAL DEBT N.D N.D N.D N.D
CONTACT BUSINESS

If you are interested in connecting with business please send an Expression of Interest and receive Information Memo to take this opportunity further

SHARE VIA
CONTACT DETAILS