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 :
Chennai Convention Centre cum hotel details :
Ooty Hotel Details –
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.
|Deal Size||INR 250 - 260 Cr|
|Motives For Sellout||Raising Capital|
|Management is open to continue with the business for handholding the new investor/buyers|
Division`s Plant Location
|2019 (in Cr)||2020 (in Cr)||2021 (in Cr)||2022 (in Cr)|