Hotel Seeking Loan in Bangalore, India

Business operating 3 hotels in Bangalore, having 85% occupancy rate.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 320 thousand
EBITDA Margin
20 %
Industries
Locations
Local Time
2:32 AM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 27 thousand for 15.0% annual interest, 2 years (Native Currency: INR 2,000,000)
Reason: Need working capital for managing operations of new hotel and for marketing purpose.
Collateral Available: USD 27 thousand
Includes physical assets worth USD 27 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview

- A business running a chain of hotels in Bangalore, that started operations in 2017.

- There are two hotels in Indiranagar, and the other one is there in Brookefield.

- We brand ourselves as a budget hotel.

- The 2 hotels in Indiranagar have 31 rooms each and one of the hotels has a restaurant as well.

- Each room has a TV, AC, and fridge available apart from basic necessities.

- The average occupancy rate is 85% per month.

- Revenue has increased this year as the second hotel was recently added, and will further increase as the 3rd hotel starts operations from Aug 2019.

Brookefield property is 30 rooms along with restaurant at the top.

Products & Services Overview

Budget hotels having AC, Fridge and TV in each room.

Facilities Overview
Recent Activity
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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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