Newly Established Hotel Seeking Loan in Tiruvannamalai, India
Seeks Loan: Hotel business that will have 60 rooms located near the temple of Tiruvannamalai.
Premium Plan
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Hotels |
| Locations | Tiruvannamalai |
| Local Time | 9:08 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
570 thousand
for
16.0%
annual interest,
5
years
(Native Currency: INR 50,000,000)
Reason: The owner is seeking funds to start the construction of a new hotel over a leased land of 1.5k sqft.
Collateral Available: USD 0
Interested to connect with advisors
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Business Name
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User Verification
Documents
Our already existing residency
(22.8 KB)
Business Overview
- The loan amount will be used to build a hotel of 60 rooms near the Tiruvannamalai temple.
- We are projecting sales of INR 20L - INR 25L on a monthly basis.
- The owners are already running 4 restaurants, and a residency in this area. We have a very good reputation in our locality.
- Once we receive the investment the building will be constructed in 8-10 months. There will be G+2 floors according to our plan.
- We are projecting sales of INR 20L - INR 25L on a monthly basis.
- The owners are already running 4 restaurants, and a residency in this area. We have a very good reputation in our locality.
- Once we receive the investment the building will be constructed in 8-10 months. There will be G+2 floors according to our plan.
Products & Services Overview
Meeting hall, dining hall, restaurant, parking, and 60 rooms.
Assets Overview
The business currently does not have any physical assets but we are in the process of buying room and kitchen equipment which will cost around INR 2.5cr.
Facilities Overview
We will be building the hotel on over 1.5k sqft of land on leased land. The land is located very near to the Tiruvannamalai temple.The rent is being negotiated, it can be INR 7 - INR 8L.
Capitalization Overview
The business has 3 owners and the shareholding is held within the family.There is no loan on this project.
Recent Activity
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Earlier than 15 daysBusiness Development Manager, Real Estate, Panjim, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysRegional Sales Manager, Automation Machinery Manufacturer, Kuala Lumpur, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPartner, Chennai, Accounting Firm connected with the Business
Tags:
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·Newly Established Hotel Seeking Loan in Tiruvannamalai, India
·Newly Established Motel Seeking Loan in Tiruvannamalai, India
·Newly Established Lodge Seeking Loan in Tiruvannamalai, India
·Lend to Newly Established Hotel in Tiruvannamalai, India
·Lend to Newly Established Motel in Tiruvannamalai, India
·Lend to Newly Established Lodge in Tiruvannamalai, India
·Newly Established 3 Star Hotel Seeking Loan
·Newly Established 4 Star Hotel Seeking Loan
·Newly Established 5 Star Hotel Seeking Loan
·Lend to Newly Established 3 Star Hotel
·Lend to Newly Established 4 Star Hotel
·Lend to Newly Established 5 Star Hotel
·Newly Established Hotel Seeking Loan
·Newly Established Motel Seeking Loan
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