3 Star Hotel for Bank Auction in LONAVALA, Maval, Pune

Details

BANK AUCTION HOTEL – LONAVALA

Address: Development Plot – 2 of land bearing CTS Nos. 14/A, 14/B, 15 & 20 (Part), 8 – Ward, Situated at Village – Lonavala, Taluka – Maval, District – Pune

SALE IN LONAVALA
TOTAL ROOMS 34 EXISTING IN OPERATION AND 64 ROOMS 90 % UNDER CONSTRUCTION AMOUNTING TO 98 ROOMS
& INCLUDES BAR ROOM, CONFERENCE ROOMS, SWIMMING POOL

3 STAR CATEGORY POSH HOTEL CUM RESORT TOTAL LAND 8259 SqMtrs;  CONSTRUCTION 6313 SqMtrs BUILT UP AREA IN LONAVALA.

Borrower Name: Royal Twinkle Star Club Private Limited & Citrus Check-Inns Limited [In Liquidation]

Asset Category: Immovable

Total Land Area 8259.8 SqMtrs

Built Up Area 6313.32 SqMtrs

Total Rooms – 34

Asset Location: Maval City Pune
Market Value: MORE THAN RS 105 CRORES. 
Reserve Price: ₹ 31.73 Cr.

The Total Package is Bank Payment Rs 32.75 Crore + BMC/ Govt dues Rs 1.50 Crore + Service Charges Rs 5.00 Crore

Total Cost Rs 39.25 Crore + stamp duty & Registration Charges.

BENEFITS:
– THE ROOM TARIFFS ARE FROM RS 4500 TO RS 8000 PER DAY.
– THE AVERAGE OCCUPANCY IS 85 %, *THOUGH NO OWNER MANAGEMENT BUT RUN BY HOTEL STAFF.
– THE AVERAGE CASH NET SAVINGS ARE ABOUT RS 14 LAKHS TO 18 LAKHS PER MONTH.
– THE NEW BUYER NEEDS TO CHANGE NAME BRAND AND CAN CONTINUE WITH EXISTING STAFF OR TAKE PHYSICAL POSSESSION FROM BANK.
– THE EXISTING PROFITS CAN BE DOUBLED BY REMOVING EXCESS LABOUR AND CONTROL IN EXPENSES.
– IT’S SURPRISING THAT WITH NO OWNER TO CONTROL THE HOTEL IS STILL MAKING MONEY.
– WITH 98 ROOMS IN OPERATIONS, THE VIABILITY TO MAKE SUPER PROFITS IS TREMENDOUS.