Newly Established Hotel Management Business Seeking Loan in Bhubaneswar, India
Seeking business loan to transform 34,000 sq. ft hotel into premier hospitality destination in Bhubaneswar.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | General Partnership |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Hotels + 1 more |
| Locations | Bhubaneswar |
| Local Time | 9:44 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
246 thousand
for
12.0%
annual interest,
4
years
(Native Currency: INR 21,000,000)
Reason: While the building owner will complete all civil and plumbing works, the interior costs will be born...
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Collateral Available: USD 0
Includes physical assets worth
USD
35 thousand
Name, Phone, Email
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Business Name
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User Verification
Business Overview
- Upcoming hotel management business that has taken one hotel building on lease and plans to launch it soon.
- Located in Bhubaneswar, our upcoming hotel is strategically positioned near KIIT University and major corporate offices, ensuring a steady stream of clientele.
- Ongoing renovation work is on track for completion within eight months, positioning the hotel to capitalize on the upcoming surge in demand as business and education sectors thrive in the area.
- The property spans an impressive 34,000 sq. ft across three stories, with dedicated basement parking for enhanced guest convenience.
- The hotel features 32 well-appointed rooms designed to cater to both individual and corporate guests, focusing on a diverse clientele aged 18 and above.
- Guests can enjoy a unique dining experience at our rooftop cafe, offering panoramic views, a vibrant atmosphere, and a menu crafted to delight.
- The hotel is spearheaded by an experienced founder with seven years in the industry, having successfully managed two properties and received the Times Hospitality Icon award.
- Located in Bhubaneswar, our upcoming hotel is strategically positioned near KIIT University and major corporate offices, ensuring a steady stream of clientele.
- Ongoing renovation work is on track for completion within eight months, positioning the hotel to capitalize on the upcoming surge in demand as business and education sectors thrive in the area.
- The property spans an impressive 34,000 sq. ft across three stories, with dedicated basement parking for enhanced guest convenience.
- The hotel features 32 well-appointed rooms designed to cater to both individual and corporate guests, focusing on a diverse clientele aged 18 and above.
- Guests can enjoy a unique dining experience at our rooftop cafe, offering panoramic views, a vibrant atmosphere, and a menu crafted to delight.
- The hotel is spearheaded by an experienced founder with seven years in the industry, having successfully managed two properties and received the Times Hospitality Icon award.
Products & Services Overview
Our upcoming hotel will have 32 rooms, a banquet, a bar, and a rooftop cafe. Everyone is a client for us and we cater to both individuals and corporates.We will be targeting people 18 years & above. We have a prime location, surrounded by educational institutes & corporate offices nearby that will funnel a continuous flow of clients.
Assets Overview
Tangible assets include 18-year leasehold worth INR 30 lakh.
Facilities Overview
The rented property spans an impressive 34,000 sq. ft across three stories, with dedicated basement parking for enhanced guest convenience.The hotel will have 32 well-appointed rooms designed to cater to both individual and corporate guests, focusing on a diverse clientele aged 18 and above.
A spacious 7,000 sq. ft banquet hall will provide a versatile venue for events, meetings, and celebrations, appealing to local businesses and organizations. There will also be a 9,000 sq. ft. rooftop cafe.
Capitalization Overview
- Own a source of funding from our other businesses, but we need an external investor to fund almost 70% of the cost of the new hotel.- Currently, there are 2 partners in this business.
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