Hold

Products/Service

This hotel was established in 2010. It is a sole proprietorship business. This is a 2 storeyed hotel with 25 rooms(15 AC and 10 Non AC). It is located at a prime location in the city.
The area of the premises is around 10000 sq. ft. Its current valuation is around 3Cr. There is an in-house restaurant in the hotel serving Indian and Chinese cuisines. The occupancy in the hotel is generally around 60%. Currently, more than 40 people work in the hotel. The other services provided by the hotel are Laundry, Parking facility, Elevator and a Mini Conference room.
The previous year financial revenue is INR 2.5Cr with a profit of almost 25 Lakhs. The owner is looking to start a new venture and hence is willing to sell this off. The Asking price is INR 4Cr(Negotiable)

Reason

Diversification

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