Hotel for Sale in Shimla, India

- A 4-star resort at a prime location in Shimla with over 80 premium rooms. There is additional land available to construct up to 24 rooms.
- The property is currently on lease with a hotel chain for next 9 years with an exit option. The lease payment received by the owner is INR 3 crores per year.
- Resort is fully equipped with a restaurant, bar, library, gym, open terrace, spa and game room.
- Have plenty of parking space available on the property.
- The city is well connected by rail, road and air.
- Prior to the pandemic, the hotel had an occupancy rate of 60%-80%. The run-rate sales were slightly impacted by the pandemic owing to the economic slowdown.
- The hospital has been given on lease for 9 years to a popular hotel chain since 2019 with exit options. The lease agreement can be transferred along with the ownership of the hotel or the hotel can be freed and the ownership can be transferred then. The responsibility of terminating the lease agreement with the hotel brand will be done by the current owners of the business.
- The current owner receives INR 25 lakh as monthly lease payment on the property. The hotel generated over INR 10 crore of revenue in the previous financial year by the current lessee.
- Forty employees are hired by the current lessee to run the hotel.
- Business scaling is possible with a small investment and a new business plan which will ensure almost 20% R. O. I. per year and a total investment payback period of 4-5 years.
- Complete assistance will be provided to the new buyer.