Listing Details : LB-11875

Asking Price 175 Crs
Turnover N.A
Legal Entity Private Limited
Category Hotels & Resorts
Sub Category Hotels
Business Listed By Business Broker

Overview

A Running Hotel was established in 1963 and has emerged as a prominent Star Hotel available for outright sale in Amritsar. The hotel spreads over an area of 2 acres, and the Built-up area is 68400 sq. ft. The hotel has 43 rooms and suites.: The Hotel has beautifully furnished rooms with centralized AC, cable TV, double-glazed windows, coffee maker, mini-bar, electronic safe, well-appointed bathrooms, and 24-hour room service. All guest rooms have a garden/pool view. The hotel has a Banquet hall for Banqueting Services for our outside guests, which is ideal for birthday parties, kitty parties, official meetings etc. The capacity of the hall is 50-200 guests can be well accommodated to enjoy the special time with family and friends. The other facilities hotel has Ample parking space with beautiful lawns, Bar/Lounge, a Swimming pool, a Restaurant, a Dining hall, a Kitty hall, Presidential Suite, Lift, and Meeting Rooms. The hotel is centrally located in a posh locality of Amritsar. The hotel is available on online booking platforms booking the Room tariff is Rs3000-Rs3500. The occupancy of the hotel is 80% -90% on a daily basis.

Year of Establishment

1963

No. of Employees

0

Current Status of Business

Running Profitable

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

N.A

Describe Property

The hotel spreads over an area of 2 acres, and the Built-up area is 68400 sq. ft.

Competition / Market

We have Competitors.

Products & Services

The hotel has 41 rooms and suites.: We provide beautifully furnished rooms with centralized AC, cable TV, double-glazed windows, coffee maker, mini-bar, electronic safe, well-appointed bathrooms, and 24-hour room service. All guest rooms have a garden/pool view. The hotel has a Banquet hall for our guests, which is ideal for birthday parties, kitty parties, official meetings etc. The capacity of the hall is 50-170 guests can be well accommodated to enjoy the special time with family and friends. The other facilities hotel has Ample parking space with beautiful lawns, Bar/Lounge, a Swimming pool, a Restaurant, a Dining hall, a Kitty hall, Presidential Suite, Lift, and Meeting Rooms. The hotel is centrally located in a posh locality of Amritsar

Growth Potential

The growth rate is high.

Reason For Sale

Personal Reason.

Financial Details

Listing Details : LB-11875

Asking Price 175 Crs
Turnover N.A
Legal Entity Private Limited
Category Hotels & Resorts
Sub Category Hotels
Business Listed By Business Broker

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