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Hotel Assets for Rent in Indore, India

For Rent: Hotel property at a prime location with 30 rooms, restaurant and rooftop banquet.

Ownership Duration 10-20 year(s)
Industries Hotels
Locations  Indore
Local Time 2:12 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
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Monthly Rent
Asking Price: USD 9 thousand (Native Currency: INR 650,000)
Reason: The property was given on lease to a hotel business. They are now moving out as they have constructe... View More
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Assets Description

- Hotel constructed on a 6,830 sq ft property with a built-up area of 24,830 sq ft that is owned by the company.

- Property is located on the main road with bus stand and multiple businesses nearby.

- The building has 30 rooms, a restaurant, a rooftop banquet and a basement parking space for 22 cars.

- Restaurant can accommodate 80 individuals and banquet can accommodate 300 people.

- With the current tenant, the hotel has 65-70% occupancy rate.

- The new hotel business tenant will get only the building on rent. They have to purchase furniture, kitchen equipment and other hotel amenities.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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