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Hotel Seeking Loan in Jammu and Kashmir, India

Partnership operating a hotel and resort on owned land seeks business loan to expand facilities.

Established 20-30 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 80 thousand
Run Rate Sales USD 100 thousand
EBITDA Margin 20 %
Industries Hotels + 1 more
Locations  Jammu and Kashmir
Local Time 1:45 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 120 thousand for 10.0% annual interest, 10 years (Native Currency: INR 10,000,000)
Reason: The loan is being sought by the partnership firm that owns and operates the hotel and resort. The f... View More
Collateral Available: USD 120 thousand
Includes physical assets worth USD 2.2 million
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Business Overview

- 25-year-old partnership firm operating a hotel and resort.

- The hotel and the resort are both located in Gulmarg.

- Our hotel is in the main city of Gulmarg that is amongst the top tourist destination in Kashmir.

- Hotel has 10+ rooms & the resort has 5+ rooms with a restaurant attached to it.

- Also registered with MakeMyTrip, Trip Advisor, and Goibibo for online bookings.

- We provide free WiFi, meals, cleaning, and other amenities.

Products & Services Overview

Hotel accommodation and serving food as well.

Assets Overview

The total value of the hotel is about INR 8 crore and with land being valued at INR 2-3 crore/acre. The resort is valued at INR 10 crore with its land valued at about INR 3 crore/acre.

Facilities Overview

Three-story hotel building on 2 acres of owned land, and a single-story resort on owned land of 3 acres.

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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