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Newly Established Hotel Seeking Loan in Malé, Maldives

Start-up hotel business seek a lender to comply with requirements of the credit loan invoice.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels
Locations  Malé
Local Time 6:54 AM Indian / Maldives
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 3.2 thousand for 29.0% annual interest, 1 year (Native Currency: MVR 50,000)
Reason: - Need this loan to comply with the requirements of the credit loan invoice and raise funds for the ... View More
Collateral Available: USD 3.2 thousand
Includes physical assets worth USD 6.5 thousand
Interested to connect with advisors
Documents
Business Overview

Business Overview.

- We plan to develop a boutique hotel on a credit loan from a lender and construction will be done by a contractor from the Maldivian market.

- We require this small loan to secure the land purchase credit from a private lender.

- We will charge accommodation for the stay in the quest to settle the loan.

- We are looking for a reputable lender who is value-driven and understands the strengths of relationships which is essential when entering such a deal.

- The promoter has spent almost all years in the Republic of Maldives and understands the tourism sector business relations.

- Promoter has built strong relationships with foreign lenders who facilitate loans for development projects.

- The contractor for the property has some years of experience working in the Maldivian construction sector.

- Prospective lender can get further information on how we plan to work with the booking fees from the lender and keep in touch with project progress.

- Developer has 19 years of experience in the financial sector.

- We have finalized the land to purchase and start construction.

- Will develop 20 room hotel.

- Have an agreement signed with a private lender for the construction loan.

- Expecting around MVR 1.4 million annual revenue from 1st year of operations.

Products & Services Overview

Planning to build 20 room hotel on an Island.

Assets Overview

- Office furniture and computers.

- Goodwill, Maldives brand recognition and intellectual property certificate.

Facilities Overview

- Have a rented office.

- Looking to buy a 3,000 sq ft land.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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