Hotel for Sale in Indore, India

The hotel offers a diversified mix of hospitality products and services catering to corporate, business, leisure, healthcare and social/event travellers.

Key offerings include:

94 contemporary guest rooms operated under an established international hospitality brand.
Accommodation for corporate, business and leisure travellers.
All-day dining restaurant and in-room dining.
Bar and food & beverage services.
Banquet, conference and meeting facilities for corporate and social events.
Rooftop swimming pool.
Fitness and wellness facilities.
Business and meeting facilities.
Guest services and other ancillary hospitality offerings.

Revenue is diversified across rooms, food & beverage, banquets/events and ancillary services, with the hotel currently achieving approximately 90% occupancy. Tangible assets:

Approximately 40,000 sq. ft. of owned/freehold hotel land in Indore.
Approximately 55,000 sq. ft. of existing built-up hotel area across 8 levels, including basement.
94 fully operational, furnished and equipped guest rooms, including furniture, fixtures and fittings.
Fully developed lobby, reception and public areas.
All-day dining restaurant, bar, banquet/conference and meeting facilities with associated furniture and equipment.
Commercial kitchen, food & beverage equipment and service areas.
Rooftop swimming pool, fitness and wellness facilities.
Complete hotel infrastructure including elevators, HVAC, electrical, plumbing, fire-safety and other engineering systems and equipment.
Back-of-house, storage, staff/service areas and guest/staff parking infrastructure.
Furniture, fixtures, operating equipment and other movable assets used in the hotel operations.
TNCP-approved expansion potential for approximately 45 additional rooms, potentially increasing inventory from 94 to approximately 139 keys, subject to applicable subsequent approvals and execution. The existing listing confirms the 94-room operation and 45-room expansion potential.

Intangible/operating assets and rights, subject to applicable agreements and approvals:

Existing international hotel brand affiliation and long-term operating/brand arrangement, capable of continuation/transfer to the incoming owner subject to brand and contractual requirements.
Hotel operating licences, permits and approvals that are legally transferable or capable of being continued/reissued to the incoming owner.
Existing corporate customer relationships and institutional accounts.
Customer/guest database and repeat-business relationships, subject to applicable privacy and data-transfer requirements.
Existing relationships with travel agents, online travel platforms, vendors and suppliers.
Established hotel operating systems, processes, SOPs and trained operational setup.
Existing digital distribution and online booking presence associated with the hotel, to the extent transferable.
Goodwill and established market presence of the operating hotel business.

The proposed transaction therefore offers the buyer a fully operational hospitality business together with the underlying owned real estate, operating infrastructure and embedded expansion potential. The hotel is developed on approximately 40,000 sq. ft. of promoter-owned/freehold land in Indore, with approximately 60,000 sq. ft. of existing built-up area.
The property comprises 8 levels, including the basement, and currently operates 94 fully furnished guest rooms.
Facilities include an all-day dining restaurant, bar, banquet and meeting spaces, rooftop swimming pool, fitness/wellness facilities, commercial kitchen, business facilities, elevators, HVAC and engineering infrastructure, service/back-of-house areas and guest parking.
The property is owned and not leased/rented, providing the incoming investor ownership of the underlying hotel real estate along with the operating business. The existing listing records the property as fully owned under a single name.
A significant value-add opportunity exists through TNCP-approved expansion potential for approximately 45 additional rooms, potentially increasing inventory from 94 to approximately 139 keys, subject to applicable subsequent approvals and execution.
The hotel is operational since April three years ago, making it a relatively young, fully operational hospitality asset requiring no initial development or operating ramp-up.
Strategically located in Indore, close to Phoenix Citadel Mall, ISKCON Temple, Kokilaben Dhirubhai Ambani Hospital and Vijay Nagar. The business is 100% promoter-owned, with a single owner and no external equity shareholders or partners.
The hotel and underlying real estate have been funded through a combination of promoter equity and secured bank financing from a nationalized bank.
The existing bank loan is secured against the property and is being regularly serviced as per agreed repayment terms.
Outstanding bank loan: INR 18 crore as of the latest available date.
Any outstanding secured debt would be appropriately settled/repaid as part of the transaction closing, enabling transfer of the asset in accordance with agreed transaction terms.
Ownership: 1 owner – 100% ownership.