190 Room Four-Star Hotel, Close to Mumbai Airport For Sale

Location: Andheri East, Close to Mumbai International Airport

Name: TBA

No. of Keys: 190

The Property: The plot area is 60,000 sqf, with several meeting rooms to take 250+ people, parking, pool, pool cafe, spa, yoga centre. There is also a 10,000 sqf rooftop area.

The hotel enjoys 85% occupancy. RD

Main Photo: Reception at this hotel

Tenure: Freehold

Brand/Management: Flag-free. Currently the hotel is owned by a small Indian hotel chain…they may be willing to still carry a marketing role

Financials: Financials available upon signing of a NDA

Current Owner: Small national hotel chain

Agent: Local agent in partnership with The Hotel Property Company

Guide Price: INR – 375 Crores – or 3.75bn INR – equivalent to £40m/US$52m

Guide Price per Key: Equivalent to £210,526

Date Posted: February 2020

THPT Comment: This is a great opportunity to acquire an existing airport hotel in Mumbai, India

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.

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.