A Hospitality (Hotels) entity from India is looking to sellout.
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
Industry
Hospitality
Sub Industry
Hotels
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
Business Operation Information
Industry
Hospitality
Sub-Industry
Hotels
Division
Division`s Buyers/Customers
Division`s Products/Services
Financial Information |
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Sales |
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EBITDA |
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PAT |
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Business Documents
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