112 Key, Three-Star Hotel For Sale Chennai, India
Location: Poonamallee, Central Chennai, Tamil Nadu, India
Name: TBA
Guide Price: INR 95 Crore – around US$12.5m
Guide Price per Key: INR 8.5m – around US$111k
No. of Keys: 112
The Opportunity:
112 Key three-star hotel, well appointed lobby with lounge, with three F&B outlets – Roof-top Indian restaurant, coffer-shop and bar-lounge. Meeting rooms and banquet halls to hold upto 175 pax. Co-Working space within the business centre. Health club with spa and swimming pool.
The hotel has ground plus eight floors, with a built-up area of 105,000 sqf and a “carpet area” of 80,000 sqf. The room configuration is Suites, Premium, Superior and Deluxe rooms. SM
Flag & Management: Currently operated by a reputable Indian hotel chain. Option as VP or sale & leaseback
Current Owner: Acquired the hotel in 2007
Main Photo: The bedroom style at this hotel
Financials: 2019 data available upon EOI
Tenure: Freehold
Agent: Local agent in partnership with THPT – Buyer would need to retain THPT
Date Posted: March 2022
THPT Comment: This is a well-appointed three star hotel in a good central position in Chennai – would make an attractive add-on to any global chain
Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each week we mail the opportunities posted in that period, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all.
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email info@thpt.co.uk
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.
