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Five Star Hotel In Chennai India For Sale

Chennai, Tamil Nadu
Asking Price:
Over $5M (USD)
Sales Revenue:
Over $5M (USD)
Cash Flow:
Over $2.5M (USD)

Wish to introduce ourselves as professional real estate consultants in Chennai & wish to inform that below mentioned properties have come for sale. In general, we don’t deal with consultants, but here we are forwarding you the particulars in good faith we have in you.

Property - 1.
Property Profile
Five Star Category hotel

Five Star Category hotel, “characteristically Indian in its fabric, with facilities that blend traditional hospitality with contemporary efficiency, which makes ones visit to Chennai,Tamil Nadu's biggest commercial and cultural hub a unique one., located at the heart of the IT corridor, owned by an International Group, With over 100 hotels in 62 locations, recognized the world over for delivering a unique flavour of hospitality that offers world-class refinement while remaining deeply rooted in its local heritage”, is available for sale.

Total Keys: 200
Room Size / mix: 297sqft (including bathroom and vestibule) all room sizes are the same (except for 4 suites which are 2 bays / 596 sqft.,)
Land Area:75359sqft. (31.39grounds – 1.74acres)
Freehold / Leasehold: Freehold
Owning Structure: Hotel owned by an International Group (Parent is a Dutch registered entity, it’s an investments BV)
Management contract signed by Taj.
Mode of sale:- Share OR Asset Sale - Both options available dependent on price

Total Built up area: 244887 sqft.,

Hotel Performance: As per the last year balance sheet
Turnover: INR 37.7Crore (Euro 5.1m at INR 73.9: euro1.0)
EBITDA : INR 9.1 Crore (Euro 1.2m at INR 73.9: Euro 1.0)

Quoted Price : 320 Cr INR - Slightly Negotiable depending on terms of payment

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