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Five star hotel for sale or looking for investment. (ADV - Property (Real Estate))

by Moses, Monday, July 31, 2017, 01:09 AM (117 days ago)

The value of the property is in excess of Rs 230 Crores as valued by the Approved Valuer of a reputable bank in India. The current market value is estimated to be in the region of Rs280 Crores at least.

As the project is a very viable business proposition, we are currently looking for   working partners to operate the proposed hotel on a Joint Venture (JV) basis on mutually agreeable terms.

However, we are also prepared to consider sale of the whole project including the lands and works already completed.

If you are interested in the above proposals or require further details, please do not hesitate to contact me. My details are as follows:
stuntsinner@gmail.com

VALUE OF PRIME SECURITY:

Our project was valued by the approved valuer of Indian Overseas Bank  in August 2015,at Rs.230 Crores. With the additional expenditure to be incurred the valuation will further boost up and it will be around Rs. 280 Crores on completion of the Hotel.

Therefore the proposed loan of Rs 120 crores will be adequately covered. The market value of the property may be more than Rs.350 crores

MARKETABILITY:

Chennai is a fast developing business centre attracting investments from number of countries throughout the world. It is also a point of entry for tourists to South India with flights from a number of countries.   The establishment of “Hilton Hotel” is an added advantage for the tourist. Hilton Hotels are world famous and is expected to achieve an occupancy rate of more than 80%. The swimming pool is in the Terrace floor along with GYM and Open Restaurant / Bar with sea view will be an attraction for the guest. All hotels in Chennai report a good occupancy rate and Hilton Hotel in this strategic location has the best prospects.

The strategic location of the Hotel is evident from the following:

1. The corporate offices of Chettinad Cement, Polaris Software, Singapore Airlines, Malaysian Airlines, India Cements and Chemplast are within the vicinity of less than 1 km.
2. Important Hospitals in Chennai such as Apollo Hospital, Dr. Agarwal Eye Clinic and Shankar Nethralaya are within the vicinity of 1/1.5kms.
3. Famous men colleges in Chennai such as Vivekananda College, Loyola College, Presidency College and New College are within the vicinity of 2kms.
4. Women’s Christian college, Queen Maris, Stella Maris, MOP Vyshnava and Quaid-E-Millath College are within the vicinity of 1/2 kms.
5. The Head Office of Indian Overseas Bank and Indian Bank are within the vicinity of 1/2 kms.
6. The circle office of State Bank of India is within the vicinity of 1/2 kms.
7. The famous and the second largest beach of the world, the ‘Marina Beach’ is just 500 meters away.

Contact at stuntsinner@gmail.com

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