Commercial Land for Sale in Pathanamthitta, India
Opportunity for 5-star hotel development with EOIs from 3 international hotel brands.
| Established | 20-30 year(s) |
| Employees | < 2 |
| Legal Entity | General Partnership |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Commercial Land |
| Locations | Pathanamthitta |
| Local Time | 9:52 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
950 thousand
(Native Currency: INR 90,000,000)
Reason: - We are selling out to those interested in developing the land, given the EOI from 5-star hotel.
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Includes physical assets worth
USD
950 thousand
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Business Name
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User Verification
Documents
Hotel Potential
(1.5 MB)
Project Summary
(160.3 KB)
Hotel Post
(965.7 KB)
Project Construction Cost
(193.5 KB)
Market Segmentation
(185.3 KB)
Revenue Projections
(261.9 KB)
Hotel Potential Pitch
(13.7 MB)
Registered at ROF
(340.4 KB)
Business Overview
- 26,000 sq. ft. land parcel that can be used for a greenfield 5-star hotel project.
- The development agreement is with the selected 5-star hotel brand, with design and execution to be handled by the hotel brand.
- Expressions of Interest (EOIs) have been received from multiple 5-star hotel brands to operate a hotel at this site.
- The prospective buyer will require capital of INR 65 crore for 100% ownership of the project, including development and operations.
- The project involves the development of a 100-key 5-star hotel with 2 conference halls, 2 event halls, 1 lounge, 2 restaurants, a spa, swimming pool, gym, and salon.
- Payback in year 5. ROI is a minimum of 34%, rising to 48% in 5 years.
- Project is profitable at low occupancy rate of 37%, where revenues is INR 28cr+ and EBT of 34%.
- Average occupancy rates in 4/5 star hotels is at 65%, EBT rises to 45% at 65% occupancy and peaks to EBT 48% at 70% occupancy.
- There is no competition from any 4-star or 5-star hotels in the entire district. The TAM consists of approximately 22 lakh tourists/locals visiting Kerala every year, while the SOM required for profitability is only around 1.5 lakh visitors annually.
- The partnership firm has a registration certificate.
- The development agreement is with the selected 5-star hotel brand, with design and execution to be handled by the hotel brand.
- Expressions of Interest (EOIs) have been received from multiple 5-star hotel brands to operate a hotel at this site.
- The prospective buyer will require capital of INR 65 crore for 100% ownership of the project, including development and operations.
- The project involves the development of a 100-key 5-star hotel with 2 conference halls, 2 event halls, 1 lounge, 2 restaurants, a spa, swimming pool, gym, and salon.
- Payback in year 5. ROI is a minimum of 34%, rising to 48% in 5 years.
- Project is profitable at low occupancy rate of 37%, where revenues is INR 28cr+ and EBT of 34%.
- Average occupancy rates in 4/5 star hotels is at 65%, EBT rises to 45% at 65% occupancy and peaks to EBT 48% at 70% occupancy.
- There is no competition from any 4-star or 5-star hotels in the entire district. The TAM consists of approximately 22 lakh tourists/locals visiting Kerala every year, while the SOM required for profitability is only around 1.5 lakh visitors annually.
- The partnership firm has a registration certificate.
Products & Services Overview
- No services are being provided at the moment, as this is not an operational business and currently only consists of a land parcel with EOIs from 3 international hotel groups.- The prospective buyer can choose which of the 3 international hotel brands to partner with for property management.
Assets Overview
Tangible assets include 26,000 sq. ft. land valued at INR 3600 per sq. ft. 14% of total project cost.
Facilities Overview
- 26,000 sq. ft. of freehold land in Pathanamthitta.- The land has a small house constructed on it of 3,000 sq. ft.
- Land on main road, and connects to 2 arterial roads to escape any traffic impediments in town area.
-Scenic view of fields on one side, Scenic view of hills on other side.
Capitalization Overview
- Land is owned by a single party.- Land is free from any debt, lien, or disputes.
- Selling 100% of the land and EOI to entities interested in setting up a 5-star hotel in the district headquarters.
Recent Activity
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Earlier than 15 daysAssociate Consultant, Professional Services, Kharagpur, Corporate Investor / Buyer connected with the Business
Tags:
Commercial Land for Sale in Pathanamthitta, India
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·Purchase Commercial Land in Pathanamthitta, India
·Purchase Commercial Plot in Pathanamthitta, India
·Buy Commercial Land in Pathanamthitta, India
·Buy Commercial Plot in Pathanamthitta, India
·Commercial Land for Sale
·Commercial Plot for Sale
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