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Running Hotel For Sale
Location: India -> Punjab
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

(A) Running Hotel For sale.
1. Name: Hotel Shiraz Regency.
2. Web: shirazregency.com.
3. Star Rating: 2 Star approved rating but can be a 3 Star if expanded.
4. Location: Hoshiarpur / Punjab its in the heart of the city and approx 200 metres from main busstand and markets.
5. No. of Rooms : 13+2 (approved 2nd floor plan to add 40 rooms).
6. Land Area 172 Marlas (COMMERCIAL) out of which 82 Marlas for parking / Green lawns.
7. Total Covered Area :28,000, Sq ft.
8. Expansion Scope: approved plans for 2nd floor expansion to add 40 more rooms and another small function hall.
9. Interested in - selling.
10. Title: Clear & easily transferable title.
11. Estimated Value : 15 CRORE INR.

More details of the above property-
- Location: Its in located in Hoshiarpur city which is the home for Non Resident Indians. Hoshiarpur is ideally located at the foothills of lower shivalik range of The Himalayas. It is an entry point to Himachal Pardesh and also passage to Jammu & Kashmir.
- 3 side open property.
- Profitability: 85% occupancy rate for rooms and caters 300 to 350 marriage functions / year.
- 2 Banquet halls 5400 sq ft each.
- Restaurant 1950 sq ft.
- 620 sq ft Beer bar with approved Beer & Whisky Bar Licence.
- all rooms 300 sq ft approx and suite room 460 sq ft.
- International airport: Amritsar is the nearest airport approx 1hr 30 min (105km) drive from Hoshiarpur. amritsar has direct flights to U.K and USA.
- Domestic airport: Proposed by government is Adampur airport which is 15 km from hoshiarpur.
- All approved plans, star catogary approvals, beer and wisky bar licence, elictrical connection for 300kw load.
- Centrally airconditioned.
- 24 Hrs power backup.
- Title: Clear & easily transferable title.
Email or call us at 0091-9356415340 for more information on this Hotel for sale.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1999
Number of Employees:  50 - 99
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Owner retiring.




Print Listing Id: 70089484
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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