Business for Sale

Business Location Coimbatore, Tamil Nadu, India
Business Category Hotels & Other Lodging Places, Services
Offer Issue Date Offer End Date
No of Employees Established Year
Business Description

Well Established and Fully Functional Star Hotel with 100+ rooms is seeking buyers

Business Summary
Asking Price Cash Flow

The hotel is uniquely qualified to continue its success and prove to be a great investment due to the following reasons: • With 27 years of service with utter dedication and courtesy, it is one of the most sought-after accommodations in the region currently. • Strategically placed in one of the prime areas of Coimbatore - also known as 'The Manchester of South India' • The hotel location is central to the Shopping/Business areas, Intercity Bus Station, Town Bus Station, Railway Station and International Airport. • The team has a track of Success in the hotel industry. The hotel is offering all of the standard business hotel services including daily room cleaning, free local calls. Cable TV, a free wireless network and various other amenities. Additionally, the hotel includes spacious and well-maintained conference halls to conduct business meetings and conferences. It can accommodate more than 200 people at a time. Hotel City Tower primarily serves tourists, leisure travellers and international guests since it is surrounded by major tourist attractions of the state. In addition to this tourism market, the hotel also serves business travellers who seek comfort, necessary amenities, and simplicity of services. Infrastructure Overview • Total Area of Land - 70 Cents (14 Grounds/0.7 Acres) • Build up Area - 100k Sq. Ft • Total Floors - 9 • Total Rooms - 96 • Meeting Halls/Conference Rooms - 4 • Staff Room - 4 • Generators for Uninterrupted Power Supply - 3 • Vehicles - 4 Services Overview 1. Reception 2. Single Accommodation 3. Double Accommodation(King/Queen Beds) 4. Twin-Beds Sharing 5. 2 Multi-cuisine Restaurant - Continental, Chinese and Indian - Open Air and Indoor 6. 1 Drive-In Restaurant 7. 1 Chinese Restaurant 8. Conference hall Specifications: Centrally A/C Hall, 130 - 150 Capacity, 1300 (cubic feet), Balcony attached Styles: Theatre style: 130 - 150 capacity. (Marriage) Class room style: 55 - 60 capacity. 'U' sheaf style: 35 - 40 capacity. Casual style: 80 - 100 capacity. (Birthday) 9. Board Room All of these come with ample parking space at the hotel facility.

Below is the breakdown of annual revenue generated for the current financial year: • Total Revenue Per Annum - INR 8.5 Crores o Revenue generated from accommodation - INR 5.5 Crores o Revenue generated from conference halls - INR 0.5 Crores o Revenue generated from Restaurant - INR 2.5 Crores • Total Expenses incurred Per Annum - INR 3.3 Crores o Electricity expenses - INR 0.3 Crores o Staff Salaries - INR 1.5 Crores o Food and Groceries - INR 1.2 Crores o Miscellaneous - INR 0.3 Crores • Net Income - INR 5.5 Crores The performance of Hotel Industry in Coimbatore has been growing with steady Growth phase and Demand. The current Star rated occupancy is expected to rise 400 percent which adds pressure to the need of upgrade with the performance of hotels in a short term.

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