Hotel Seeking Loan in Baghdati, Georgia
Mountain hotel in Georgia with restaurant, bar, terrace, conference room, spa and 24 rooms.
| Established | 20-30 year(s) |
| Employees | 50 - 100 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 91 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Hotels |
| Locations | Baghdati |
| Local Time | 10:14 AM Asia / Tbilisi |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
1.5 million
for
15.0%
annual interest,
10
years
(Native Currency: USD 1,500,000)
Reason: The funds are required to renovate the business so that it can be operated throughout the year. We a...
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Collateral Available: USD 1.5 million
Includes physical assets worth
USD
5.5 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
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Business Overview
- We are a non-operational hotel located in Georgia.
- The business has been non-operational for 5 months as the building is old and cannot be used during the winter season.
- Hotel has 24 rooms with single, double, and twin beds.
- The business during summers has a 40%-50% occupancy rate.
- Need funds to renovate the business to renovate the hotel so that it can be operated throughout the year.
- Post renovation the business will have 23 rooms and the occupant is expected to increase to more than 80%.
- We have all the required approvals from the government to renovate the business and all designs have been made and finalized.
- The promoter has 23 years of experience in the industry.
- Business has a trade license.
- The business has been non-operational for 5 months as the building is old and cannot be used during the winter season.
- Hotel has 24 rooms with single, double, and twin beds.
- The business during summers has a 40%-50% occupancy rate.
- Need funds to renovate the business to renovate the hotel so that it can be operated throughout the year.
- Post renovation the business will have 23 rooms and the occupant is expected to increase to more than 80%.
- We have all the required approvals from the government to renovate the business and all designs have been made and finalized.
- The promoter has 23 years of experience in the industry.
- Business has a trade license.
Products & Services Overview
24-hour reception (3 languages), 24 hotel rooms (single, double twin, junior suite and suite), and room meal service.Room amenities, minibar and tobacco-free rooms free.
WiFi and satellite TV, washing and dry cleaning service, and central ventilation.
There is also a bar, restaurant, spa, and conference room.
Assets Overview
The assets include the land, building, furniture, TVs, interiors, and other fittings.
Facilities Overview
The hotel is built on owned land measuring more than 2,600 Sq. m. It is located near a mountain in Tskaltubo Court.
Capitalization Overview
- The business is self-funded.- There is only one owner 100%.
- The business is debt-free.
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