Newly Established Hotel Equity Stake For Sale in Tiruvannamalai, India

Under-construction hotel featuring 59 rooms, 1 banquet hall of 150 guests, 1 meeting hall, and a vegetarian fine dining restaurant, designed to cater to both tourists and the corporate crowd. Tangible assets:
The business owns land valued at INR 35.6 crore and a building valued at INR 5 crore.
Only the building value is included as part of the transaction, and the equity stake is being offered, while the land will be retained, and operations will be conducted on a profit-sharing basis.

Intangible assets:
GST. Construction is underway on owned land located on Vellore Road.
- Land area: approximately 14,200 sq. ft.
- Built-up area: approximately 41,000 sq. ft.
- Structure: ground plus 4 floors (G+4) with a basement.
- Rooms: 59 well-appointed guest rooms, including deluxe, executive, and suites.
- Restaurant: 50-seater pure vegetarian fine dining restaurant on the ground floor with kitchen, storage, and prep zones.
- Banquet/meeting room: boardroom facility for up to 20 business guests.
- Reception and lobby: double-height grand lobby with waiting area and concierge.
- Parking: dedicated parking for 30+ cars with valet support.
- Power and utilities: 100% power backup, RO water plant, water heating, and lift access to all floors.
- Safety: fire NOC in place, CCTV surveillance, and 24/7 security. The project is currently funded through bank financing, with INR 5 crore of equity capital infused to date. The land is solely owned and has been pledged to the bank.
- Type of loan: Term loan.
- Bank name: Indian Bank.
- Sanctioned loan amount: INR 13 crore.
- Interest rate: 8.2% p. a. (floating).
- *Repayment tenure: 15 years.