Location: Near Railway Station (walking distance), Amritsar, Home of the Sikh Golden Temple, Punjab, Northern India
Name: Major Brand
No. of Keys: 130 plus including five suites
The Property: Besides the hotel, on the same site is a hospital, which is also for sale! and operated by a third party, on a 30 year lease agreement (from end 2016) with a 15% escalation every three years. This brings a rent of Rs 16,00,000 per month, exclusive of taxes, with a further Rs 200,000 per month due to kick in December 2019.
The hotel has a fully equipped fitness centre, a scenic outdoor pool, the Kava Grill restaurant and bar. There is a stylish ballroom and al fresco poolside space. 4 meeting rooms holding upto 250 people – 3,401 sqf.
Seven floors with two basements (one for parking) and roof-top restaurant on the 7th floor.
Main Photo: The outdoor pool at this hotel
Brand/Management: Under major brand for management and flag
Financials: Full financials available upon signing a NDA and LOI
Current Owner: Private family
Agent: The Hotel Property Team
Guide Price: 264 Crs – Around US$37.2m or £29m
Date Posted: October 2019
THPT Comment: A great opportunity to buy this four-star hotel in a great city in the North of India…the spiritual home of the Sikhs.
Contact us for further information
This is a new feature on the THPT site…. 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 fortnight we mail the opportunities posted that week, 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.
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.