Hotel for Sale in Igatpuri, India

Primary and the top selling offering is luxury villa stays in deluxe and super deluxe suites for leisure travelers and tourists visiting Igatpuri and nearby Nashik.

Guests book fully furnished rooms with modern amenities, swimming pool and game zone for short-term stays and holidays. Tangible assets include the villa building (ground plus four floors) with 10,500 sq. ft. built-up area on a 3,000 sq. ft. plot at Igatpuri hill station, with swimming pool, game zone equipment, all room furniture and fixtures, fittings, and fully furnished interiors of 7 deluxe suites and 1 super deluxe 2-bedroom suite with jacuzzi.

Intangible value includes the running hospitality business and its goodwill. Cash, bank balances or security deposits are not specified as part of the transaction. Ground plus four-floor villa construction with total built-up area of 10,500 sq. ft. on a 3,000 sq. ft. plot.

Comprises 7 deluxe suite rooms each with private balcony and one super deluxe suite with 2 bedrooms and jacuzzi. Includes swimming pool, game zone and fully furnished interiors. Located at Igatpuri hill station near Nashik, Maharashtra. The property was partially financed by a bank and when a bank finances a hotel or resort project, it performs extensive due diligence. This makes the due diligence process easy for the buyer who can simply refer to the valuation, due diligence and loan documents for this property. The bank was willing to offer a loan of INR 5 crore on the property but the owner took a loan for only INR 3.5 crore.
Business is primarily owner-funded with an outstanding loan of approximately ₹3 crore secured on the villa property.
Single owner owned.