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Hotel Seeking Loan in Bhubaneswar, India

Hotel established in Odisha with 42 rooms seeking a loan to construct a multiplex.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 120 thousand
Run Rate Sales USD 220 thousand
EBITDA Margin 30 - 40 %
Industries Hotels
Locations  Bhubaneswar
Local Time 7:32 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 180 thousand for 7.0% annual interest, 5 years (Native Currency: INR 15,000,000)
Reason: We are seeking a loan for the construction of the multiplex which will have an area of 2,000 sq ft.
Collateral Available: USD 180 thousand
Includes physical assets worth USD 300 thousand
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Business Name
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Business Overview

- We are a hotel having 42 rooms and three floors that is spread over an area of 30,000 sq ft.

- Our corporate office is located in Bhubaneswar.

- Majority of our clients are corporate and working professionals.

- On a daily basis we have a 60%-70% occupancy rate.

- Currently. we are seeking investment to construct a multiplex that will be part of the same company.

- The multiplex will be built on an area of 2,000 sq ft.

- The entire project cost is INR 6 crore. 90% of the construction is completed.

- The company has taken bank loans previously and the outstanding payment is INR 4 crore.

- The business has two owners with a 99% and 1% stake distribution.

- Due to Covid our last year run-rate sales was reduced. As the economy is re-opening we are expecting a high growth rate.

Products & Services Overview

We are a hotel and have our own multi-cuisine restaurant, bar, and fitness center. Currently, we developing a multiplex.

Assets Overview

Physical assets include land and property with an area of 1.3 acres which is owned by the business.

Facilities Overview

We have land with an area of 1.3 acres which is owned by the company. The hotel has 42 rooms and three floors.

Capitalization Overview
Not Disclosed
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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