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Hotel Seeking Loan in Guptkashi, India

Business with an existing hotel seeks investment to complete construction of another luxury hotel.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 69 thousand
Run Rate Sales USD 76 thousand
EBITDA Margin 10 %
Industries Hotels
Locations  Guptkashi
Local Time 11:59 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 346 thousand for 12.0% annual interest, 5 years (Native Currency: INR 30,000,000)
Reason: To complete the project as the owner doesn't possess the full required amount. The initial cost outl... View More
Collateral Available: USD 0
Includes physical assets worth USD 1.73 million
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Business Overview
- Existing hotel business with an upcoming hotel right next to its existing one.
- The business owns the land for both the hotels with a total owned area of 12,000 sq. ft.
- The existing hotel runs well in the Yatra season and is able to do INR 60-70 lakh in annual revenue.
- We have already constructed the structure of our second hotel (which is right next to our existing one)
- The second hotel will be a luxury hotel and it will feature 25 luxury rooms, and amenities such as a rooftop swimming pool, rooftop cafe, gym, spa, banquet hall, and offer breathtaking Himalayan range views.
- The target clientele includes tourists, business travelers, and others visiting the region.
- With a projected daily revenue of INR 7,500 per room and anticipated monthly earnings of 40-50 lakh, the upcoming hotel promises significant returns.
- The project is still under construction and expected to be operational in 2 years.
Products & Services Overview
Luxury accommodation, spa services, banquet facilities, and dining options.
Assets Overview
Tangible assets include:
- 12,0000 sq. ft. of land worth INR 4 crore (6,000 sq. ft of the existing hotel and 6,000 sq. ft of the upcoming one)
- Building structure of the upcoming hotel worth INR 5 crore.
- Building, equipment and fixtures of the existing hotel are worth INR 6 crore.
Facilities Overview
The upcoming hotel will have 25 luxury rooms, rooftop swimming pool, gym, spa, banquet hall, and rooftop cafe.
It is being built on a 6,000 sq. ft. owned plot of land in Guptkashi.
Capitalization Overview
There are no outstanding loans for the company.
Recent Activity
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1 Investor contacted this Business this month. Register below to connect now!
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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