Premium Business Hotel For Sale
-
Upload
be-hotels -
Category
Real Estate
-
view
363 -
download
2
Transcript of Premium Business Hotel For Sale
-
PREMIUM HOTEL - BANGALOREIndias Silicon Valley
Contact Info:
email: [email protected]
4 star business hotel in Bangalore CBD
The hotel is promoted by a business group from Bangalore. The free
hold property (land and building), located on a prominent road in CBD
of Bangalore, very close to MG Road. The hotel is strategically located
between a upscale national hotel chain on one side and the proposed
super luxury towers on the other. The iconic Ritz Carlton Hotel is also
coming up half a kilometer away. The hotel building is an advanced
stage of construction with civil structure and services in place. Work on
the interiors has commenced with orders placed for early delivery to all
vendors. The hotel can be commissioned in 90 days. Requisite
approvals & licenses are in place. The aesthetically pleasing aluminum
and glass vertical structure is being a designed by a leading Bangalore
architect.
Property characteristics
Land Type : Free Hold
Location : Heart of Central
Business District, 200 m from
Metro Stn.
Built up area : 36,600 SFT Aprox.
Super-built-up area : 49,500 SFT
Aprox
Plot size : 12,000 SFT
Number of Floors : Ground + Six
floors
Room Inventory : 86
Room Types : Standard; Deluxe;
Suites
F&B options : Coffee Shop; Pan-
Asian, Indian & a lounge bar
Amenities : Modern Gymnasium
Meeting Space : Conference
room with 40 pax capacity
Parking : Foyer & Basement for
40 cars
Best location in Bangalore CBD
Premium Surroundings - luxury hotels, apartments, parks, shopping
Ready to open in 90 days
Multiple restaurant (F&B) options for increased revenues
Ready to open & generate revenues
Projections:
Annual Revenues = US$.
5.3m
EBITDA - US$ 2m
Offered at US$ 21 millionCBD BANGALORE
-
Projected Revenues (US$) Scenario 1 Scenario 2 Scenario 3
Occupancy % 75% 65% 70%
ARR $!140 $!129 $!140
Annual Room Revenue $!34,43,952 $!27,55,161 $!32,14,355
Food & Beverage Revenues $!18,94,173 $!15,15,339 $!17,67,895
Total Revenue $!53,38,125 $!42,70,500 $!49,82,250
EBITDA $!21,35,250 $!19,21,725 $!19,92,900
Grade A section of Bangalores CBD; located along side the best business hotel and the most premium hotel in Bangalore (Ritz Carlton under
development less than 1/2 km away)
Location is a hot spot for both corporate
entertainment offers tremendous potential for food
and beverage business with hotel offering 3 different cuisine & a bar
Neighboring premium business hotels allows for easy
premium pricing strategy
Growth rates in occupancy and room rates in Bangalore were a robust 15% over last 3 year
Conservative future growth rate is estimated at 8% for next 3 years
Can generate returns of ~10% annually along with strong asset appreciation
No regulatory hurdles - Hotels are FDI Compliant and international investors can buy & sell at will
Key Highlights