TAJ VIVANTA HOTEL IT EXPRESSWAY, CHENNAI SALE (General)
TAJ VIVANTA HOTEL IT EXPRESSWAY, CHENNAI SALE
Total Keys: 200
Room Size / mix: 297sqft (including bathroom and vestibule) all room sizes are the same (except for 4 suites which are 2bays / 596 sqft.,)
Land Area: 75359sqft. (31.39grounds – 1.74acres)
Category : 5Star
Operator : Taj Group
Freehold / Leasehold: Freehold
Owning Structure: Hotel owned by an International Group (Parent is a Dutch registeted entity, it’s an investments BV)
Total Built up area: 244887 sqft.,
Hotel Facilities:
- All day dining / 3462sqft., - Speciality restaurant (Chinese_ 1625 sqft., - Bar / 1500 sqft., - Banquet Hall (separate entrance) 3564 sqft., (with partition to make 2 rooms) - Business Centre / 3597 sqft., - Outdoor Pool / 3564 s qft., - Gymnasium / 1240 sqft., - Outdoor function area 3798 sqft., - 2 basements car parks / LB – 32828 sqft., / UB 29998 sqft., - Potential for roof terrace (permission held but not developed) / 6500sqft.,
Hotel Performance: As per the last year balance sheet
Turnover : INR 75Crs.,
EBITDA : INR 14.5 Crore
Revenue:
2017 : INR 40.54 Cr., 2018 : INR 39.86 Cr., (impacted by liquor ban) 2019 : INR 44.47 Cr., (Estimated budget forecast)
GOP:
2017 : INR 11.32 Cr., 2018 : INR 12.88 Cr., (impacted by liquor) 2019 : INR 15.38Cr.,
Quoted Price : 560 Cr., - Slightly Negotiable Sale Mode: Share Transfer
Attached financial of 2016-17
Some other points to note: - The Ford Motor Company have announced plans to open a large production facility in Sholinganallur which will increase demand in the area - Taj is re-branding their hotels and this hotel will come under the main Taj brand / be classified as a 5* hotel which will increase the ARR - Performance of the hotel is improving hugely under new owner guidance and a revitalised hotel management team
CONTACT SAMPATH 8838229954 WATS/CALL
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