93 rooms Four Star Hotel For Sale

Business description

Property: Hotel

Status: Running

Category: 4 Star

City: Shimla, a beautiful hill town capital of the Himachal Pradesh State Valley

Location: On NH- 22 from Kalka to Shimla, on the left hand uphill side after entering Shimla Little ahead of hotel Asia the Dawn

Location Advantage:
- Approx 5-6 kms before the Mall road
- This is a city view location with dense forest in the back.

Distance & Access:
- Jubbarhatti Airport: 25 kms
- Kalka Railway Station: 80 kms
- Simla Railway Station: 3 kms
- By Road from Delhi: 375 kms
- Indra Gandhi Hospital: 12 kms

Near By:
- Kufri: 17 kms
- Chail: 35 kms

Area: 5700 sqyd
Built-up Area: 72000 sqft (approx)
Floors: G+4

Accommodation: 69 rooms (single & double occupancy)
- Standard Rooms: 59
- Junior Suites: 4
- Suites: 6
- 24 Rooms Constructed & Ready for fit outs
Note: Now 24 rooms of new block with centralised AC are ready for business in coming season. Thus capacity of hotel is 93 rooms.

Room Facilities:
- Room heating (winter)
- AC (summer)
- Attached bathroom
- Running hot and cold water
- Mini Bar
- CCTV with satellite channels
- Direct dial facility
- Tea/Coffee makers

Dinning:
- Multi-Cuisine Restaurant
- Sports Bar Lounge
- Coffee Shop

Banquets & Conferences:
- Banquet Hall: 400 pax
- Conference Hall: 60 pax

Other Facilities:
- Business Center
- channel music
- 24 hour Room Service
- Laundry
- Doctor on Call
- Travel Desk
- Safety lockers
- Courtesy pickup & drop to the Mall
- Lift
- Ample parking space

Recreation Facilities:
- Fully equipped health club (Gym) with Steam, Sauna and Jacuzzi
- Yoga with our dedicated in-house experts
- Beauty Parlour
- Table Tennis
- Billiards/Pool
- Library
- A multi-utility shop
- Separate play area for children with outdoor swings and slides, video/virtual reality games, coin operated rides and a play pen for the absolute toddlers

Parking: 70 cars

History:
Hotel had started operation in May 2003 with 46 rooms, later increased the capacity to 63 rooms, again 72 rooms and later combined 3 rooms into a hall from backside. Currently 69 rooms are functioning.

Ownership: Private Limited Company

Other Information:
- Permanent License
- Company transfer

Asking Price: INR 500,000,000 (Rs.50 Crore)

Cost to Buyer: Deal Price + 2% Brokerage + 12.38% Service Tax

Property information

Real Estate:

Real Property Included

Location:

On NH- 22 from Kalka to Shimla, on the left hand uphill side after entering Shimla Little ahead of hotel Asia the Dawn.

Other information

Expansion potential:

- FSI of 24 rooms/12 Cottages more are available OR
- Construct an in-door swimming pool with Spa
- A mini theatre providing in-house entertainment is also proposed.

Competition / Market:

All the major hospitality brands want to set up their sho in Shimla. Top hospitality group of India 'Oberoi' starts its journey from Shimla.

Support & training:

No

Reasons for selling:

They want to consider their business in Delhi & NCR.

Contact the seller