Hotel Seeking Loan in Bangalore, India
Business operating 3 hotels in Bangalore, having 85% occupancy rate.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 108 thousand |
| Run Rate Sales | USD 250 thousand |
| EBITDA Margin | 20 % |
| Industries | Hotels |
| Locations | Bengaluru |
| Local Time | 10:16 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
21 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 21 thousand
Includes physical assets worth
USD
21 thousand
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.
- 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
2 hotels in Indiranagar have a built-up area of 6,000 Sq. Ft. each. The new hotel being built in Brookefield will have a built-up area of 3000 Sq. Ft. All properties are rented.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysSupply Head, Hospitality, Mumbai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Investment Fund, Dubai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysRegional Manager, Filtration Equipment, Bengaluru, Individual Investor / Buyer connected with the Business
Tags:
3 Star Hotel Seeking Loan in Bangalore, India
·4 Star Hotel Seeking Loan in Bangalore, India
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·Lend to 4 Star Hotel in Bangalore, India
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·Lodge Seeking Loan in Bangalore, India
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·5 Star Hotel Seeking Loan in Bengaluru
·Lend to Hotel in Bangalore, India
·Lend to Motel in Bangalore, India
·Lend to Lodge in Bangalore, India
·Lend to 3 Star Hotel in Bengaluru
·Lend to 4 Star Hotel in Bengaluru
·Lend to 5 Star Hotel in Bengaluru
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·Motel Seeking Loan in Bengaluru
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