Land Area = 6.72 acres Built up Area = 56,000 Sq. ft. Constructions available = 38 rooms, 2 restaurants, 1 bar, 1 private villa with swimming pool, 1 conventional hall, common swimming pool, roof gardens, etc. All licenses are intact including the bar license ACQUISITION:- The resort has a blend of South Indian heritage and French outlook which will certainly please you. However, you can decide on further development after the acquisition with the options available as listed below. PLAN A – Basic Alteration Renovating and rebranding without extensive modifications as per your choice. Additionally, 60-70 rooms can be established making the total number of rooms to 100. PLAN B – Extensive Alteration There is a scope for wide-range of expansion as well. On longer-run, you can acquire 7.25 acres land located next to the resort at the North side and create additional new structures and attach to the resort. A real space for a colossal set up along the beach is guaranteed. The expected price of this vacant land is 20 Cr. Turnover details:- With the existing set up we are doing 2+ Cr. business per annum. Please do not give importance to the present P/L since renovation and rebranding of the property would convert the beach hotel to a classy one that will make much more business accommodating both business and leisure travelers and be a good enough competency to Club Mahindra and other local hotels. Price details:-3 cr. per acre for the landRs. 1000 per sq. ft. for the built area1 cr. for the licenses1 cr. for the infrastructure Other details:- The property has an outstanding debt for 90 lakhs in a local bank and the parent documents are in the bank. The documents can be reviewed directly in the bank during the legal process.The mode of payment is as per the buyer’s preference. Please let me know for any queries.
Owner / Agent Name: Hari
Owner / Agent Email: [email protected]
Owner / Agent Mobile: (0)9159819448
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