Hotel Assets for Sale in Balasore, India

- Our business was essentially a 35 year-old hotel running in one of the most beautiful locations of Odisha. We stopped operations about 2 years ago due to the operational inefficiencies caused by the pandemic. The hotel hasn't been functional since.
- Our company possesses the ownership of the hotel, its built-up area, interior fittings, furniture, and the land on which the hotel is constructed.
- This transaction includes the sale of the hotel as an asset. We are not seeking to sell the registered business entity, website, licenses, etc. The prospective buyer can purchase the property and use it for whichever purpose they require.
- The transaction includes the 60,000 sq. ft built area of the hotel, the entire 4 acres of land on which the hotel is constructed. The buyer has ample amount of space for expansion. The market value of the land itself is INR 16 crores.
- The hotel has about 44 rooms, fully furnished with working washrooms, television screens, beds, wardrobes, air conditioners, along with all the required electricity, sewage, and water connections.
- The hotel has a full furnished dining area & kitchen, with a seating capacity capacity of 50 to 70 people at one given time. The facility also includes a play area for children, private lawn, gardens, and a temple. Along with this, the hotel is located right next to the beach which leads to great location advantage.
- Our company is entirely debt free. The asset is in complete possession of our company.