Hotel Seeking Loan in Patnitop, India

Hotel business successfully operating 2 hotels, seeks funding for a new 37 rooms hotel.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 340 thousand
EBITDA Margin
30 - 40 %
Industries
Locations
Local Time
9:15 AM India
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 1.7 million for 8.99% annual interest, 15.0 years (Native Currency: INR 120,000,000)
Reason: For development of 3rd projects and working capital of other units.
Collateral Available: USD 2.1 million
Includes physical assets worth USD 3.5 million
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- A 2nd generation hotelier operating own business since the last 18 years.

- Currently operating 2 hotels in Patnitop comprising of 47 and 26 rooms respectively.

- We also have another under construction hotel project in Jammu airport and seeking funds for construction. This would be a 37 rooms hotel and will be run in collaboration with a well known hospitality brand.

- Once the 3rd project is completed, we plan to convert our other 2 hotels at Patnitop into a 100 rooms hotel.

Products & Services Overview

Hotels, Food Service, Car Rentals and Tour Operator.

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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