Hotel for Sale in Koramangala, India
For Sale: Hotel with 2 restaurants at a prime location currently in agreement with BMCRI.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 234 thousand |
| Run Rate Sales | USD 170 thousand |
| EBITDA Margin | 40 % |
| Industries | Hotels |
| Locations | Bangalore + 1 more |
| Local Time | 8:59 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
2.34 million
(Native Currency: INR 200,000,000)
Reason: Owner has some personal and family reasons.
Includes physical assets worth
USD
2.34 million
Interested to connect with advisors
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Business Name
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Documents
Hotel Pictures and Profile
(14.3 MB)
Registration Certificate
(2.0 MB)
Article 12 Agreement (Company 1)
(274.9 KB)
Article 12 Agreement (Company 2)
(340.0 KB)
Business Overview
- This boutique hotel is located in a commercial and prime location in Bangalore. We have over 25 luxurious rooms.
- Prior to the pandemic, we were tied up with Fab Hotels and then with OYO. We don't plan on renewing the contract. During those times, the hotel had an occupancy rate of 80%.
- Currently, we are shut to the public. However, we are offering quarantine services to doctors and have reached an agreement with BMCRI. Hotel has a 100 percent occupancy rate but prices have been reduced by over 50%.
- Besides that, we also have a specialty restaurant (60 pax) a BBQ lounge with bar (150 pax) and a conference room. The BBQ lounge has been closed for a while due to renovations.
- Prior to the pandemic, we were tied up with Fab Hotels and then with OYO. We don't plan on renewing the contract. During those times, the hotel had an occupancy rate of 80%.
- Currently, we are shut to the public. However, we are offering quarantine services to doctors and have reached an agreement with BMCRI. Hotel has a 100 percent occupancy rate but prices have been reduced by over 50%.
- Besides that, we also have a specialty restaurant (60 pax) a BBQ lounge with bar (150 pax) and a conference room. The BBQ lounge has been closed for a while due to renovations.
Products & Services Overview
We offer hotel accommodation and dining services to our clients.
Assets Overview
The entire hotel, restaurant and lounge with all the associated infrastructure.
Facilities Overview
The property has a land area of 4,000 square feet and a built up area of 20,000 square feet. The building has a basement, ground + 4 floors. It is owned by the business.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysCEO, Construction, Vijayawada, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysGeneral Manager, Hotels, Bangalore, Individual Investor / Buyer connected with the Business
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