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5Star Hotel for sale in Chennai Mahabalipuram (ADV - Property (Real Estate))

by JOSEPH ELANGO, Sunday, April 07, 2024, 07:56 PM (97 days ago)

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 Operator

Freehold / Leasehold: Freehold Owning Structure: Hotel owned by an International Group (Parent is a Dutch registeted entity, it’s an investments BV) Share / Asset Sale: Both options available depend on price 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 sqft., 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 : 2018 : 2019 : GOP: 2017 : 2018 : 2019 : INR 40.54 Cr., INR 39.86 Cr., (impacted by liquor ban) INR 44.47 Cr., (Estimated budget forecast) INR 11.32 Cr., INR 12.88 Cr., (impacted by liquor) INR 15.38Cr., Quoted Price : 360 Cr., - Slightly Negotiable Sale Mode: Share Transfer Contact Joseph Elango 9444763242

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