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Newly Established Hotel Seeking Loan in Thimphu, Bhutan

New 39-room hotel in Thimphu, Bhutan with rooftop views, restaurant, bar, and leisure facilities.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels
Locations  Thimphu
Local Time 6:30 PM Asia / Thimphu
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 10.5% annual interest, 10 years (Native Currency: USD 60,000)
Reason: Seeking funding to procure the required equipment for completing the setup and commencing operations... View More
Collateral Available: USD 100 thousand
Includes physical assets worth USD 35 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview
- The hotel is strategically located in Thimphu, Bhutan and is currently in its pre-revenue stage, aiming to attract tourists with its distinct amenities and scenic location.
- Equipped with 39 spacious rooms, a restaurant, a bar, and additional leisure facilities, the hotel stands as a new addition in the area known for its robust hospitality industry.
- Key attraction includes a unique rooftop Mountain Tower View (MTV) point offering panoramic vistas, capable of hosting between 150 to 200 guests, alongside a dedicated sports area for visitor engagement.
- The property is an impressive 8-story building that is leased, allowing for cost-effective scaling up of operations once open.
- The hotel projects monthly revenues of USD 25,000 to USD 35,000 after starting operations, with operational expenses expected to be 20% of the total income, pointing towards strong gross profit margins.
- Aiming to compete with 3-star hotel standards, the business offers a promise of quality and regulatory compliance, enhancing its attractiveness to potential investors and guests.
- Operations are anticipated to commence by March of the current year and is registered with the Ministry of Industry, Commerce, and Employment, which underscores adherence to local industry standards.
Products & Services Overview
The hotel offers a range of hospitality services including 39 spacious guest rooms, a restaurant, a bar, and various leisure amenities, all designed to cater to tourists seeking a comfortable and scenic stay. Additionally, a dedicated sports area adds to visitor engagement. Targeting the mid-range tourist market with 3-star hotel standards.
Assets Overview
Physical assets include the furniture and equipment procured till date.
Facilities Overview
8-storey building spanning approximately 30,000 sq ft, located on Phendey Lam, Thimphu. Monthly rent is USD 40k.
Capitalization Overview
Self-funded.
No outstanding loans or external funding obtained.
Sole proprietorship business.
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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