*PALACE RESORT WITH EXCELLENT REDEVELOPMENT POTENTIAL FOR SALE AT PRIME LOCATION OF JODHPUR, RAJASTHAN*
# 72,000 sq. ft. of prime real estate property located in an upscale area on a major road.
# The property is owned by a private limited entity with all of its compliance in order.
# The property houses a palace which was one of the residences of a Maharaj from royal family of Jodhpur.
# The property was converted into a 50,000 sq. ft. luxury hotel in 2000 with two multi-cuisine restaurants, a large swimming pool, and spacious big gardens sprawling all over the property.
# The property has more than 40 rooms of which around 70% are single suites and the remaining are deluxe suites.
# In addition to this, there are a few 4-BHK serviced apartments each spanning 2,950 sq. ft adjoining to the hotel.
# The property has been highly rated on all major online travel portals and welcomes about 1,000 guests a month including several local and international celebrities.
# The average occupancy rate is 55 - 60% and the average price point is INR 8,500 / night.
# The existing hospitality business / legal entity is not for sale and the new acquirer may choose to start any businesses at their own discretion. Only the asset / hotel property is for sale.
# Even though the property is a heritage hotel, there are no Government restrictions to raze the existing building or any additional taxes / duties to be paid.
# Can construct up to 11 floors with a 70% floor-to-area ratio after redevelopment
# Most suitable for commercial complex, mall, big corporate office, bank & MNCs
*Price Quoted: ₹ 160 Cr.*
Success fee applicable
Milind Panse
