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Hotel for Sale in Kakinada, India

3-star family-run hotel having 57 rooms, 3 banquets and restaurant is seeking sale / investment.
This transaction has concluded.

Established 10-20 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 400 thousand
Run Rate Sales USD 900 thousand
EBITDA Margin 36 %
Industries Hotels
Locations  Kakinada
Local Time 3:16 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 4 million (Native Currency: INR 350,000,000)
Reason: Investment required for an other business.
Includes physical assets worth USD 5 million
Interested to connect with advisors
Documents
Business Overview

- It's a family owned 3 start hotel based in Kakinada.

- Hotel has 57 rooms, 3 banquet hall and veg & non-veg restaurant.

- Revenue expected to grow by 130% due to recent addition of new banquet hall (1500 capacity) and 100 seater non veg restaurant.

- Completely Air Conditioned (with back up AC system) and Generator (+Back up generator) with Gymnasium, WiFi, In house Laundry and RO Water System.

- Good business opportunity as many big ticket projects are coming up in and around the ​Kakinada Smart city.

- Holiday IQ Award-Winner.

- Rated among top 3 hotels in Kakinada on all platforms (Goibobo, Makemytrip, Tripadvisor etc)

- Relationships with more than 300 institutions.

Products & Services Overview

- Rooms for short and long stay - 57 rooms.

- Banquets for Weddings, Corporate Events and other occasions (100-1500 capacity)

- Event Management Services.

- Veg Restaurant - 50 seater.

- Non veg Restaurant - 100 seater.

Facilities Overview

- No of Floors - 6 (Cellar + Ground +4)

- Total Area - 50,000 / - sqft.

- Plot - 1540 sq yards.

- Plot owned.

- 150 tons centralized Blue Star AC system with 55 tons back up.

- 250 Kv Generator with 50 Kv back up.

- State of art fire fighting system.

- Emergency rainwater pumping system.

- RMS hotel software with state of art server for centralized and efficient management.

- Completely WiFi enabled.

- In-House Laundry.

- Cellar level parking.

- Reverse Osmosis (RO) water purification system.

- Service and Store room at each level.

- Mini Bar and Locker in every room.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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