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Details - Information last confirmed on April 1, 2021

Hotel, Club & Bungalow For Sale
Panjim I North Goa I India

(Never Miss The Opportunity)

A well established operational midscale business hotel is available for acquisition at prime location in the heart of capital city of Goa where average with average selling price of Rs.450000 to Rs.500000 per Sq Mt. The hotel has immense potential to upgrade itself into 5 star hotel & casino.

100 plus keys hotel has also additional FSI to add 16 more keys.

The hotel has approx 4000 sq ft casino space which is sought by Casino Operator @ Rs.27 lakh per month or Rs.3.24 crore per annum.

1. HOTEL
*Operational 4 Star Hotel | PANJIM- Capital City of Goa*

USP:
# One of Goa's Iconic Hotel Brand
# Well establish business & leisure hotel
# Located on the heart of the most expensive real estate - Panjim, North Goa
# Hotel has been offered rentals Rs.27 Lakhs per month by Casino Operators

Plot Area: 1 Acre
Built-up Area: 120,000 Sq Ft
Guest Accommodations: 100 Plus Keys
Dining: 6 F&B Outlets (475 Covers)
Meetings: 6 Banquets with total space 11000 + Sq Ft
Recreation:
# Swimming Pool
# Health Club & Spa (3800 Sq Ft)

Future Expansion:
# 5 star application in Process
# 4000 sq.ft space available within the Hotel for Land Casino
# Additional FAR/FSI available for 16 Rooms (Plans Govt. approved with full Clearance)

ARR: Rs. 5490 (For FY 2016-17)
Avg. Occupancy: 80% (FY 2016-17)

Ownership: Private Limited Company

2. THE CLUB:
India's Largest Beach Club, hosted live events such as Sunburn, VH1 Supersonic, Summatronic, Monsoon Blast, Dream Bubble, Freedom Blast, Russian Christmas, Ministry of Sound, Playboy Nights etc. with a capacity of 3000 pax. Please follow the above link for more info. Hotels hold 21 year Government Lease of Beach Club until 2032

3. BUNGALOW: 5000 Sq Ft
Situated in the Prime Residential area of Panjim, Goa
Currently used as an accommodation for 1​1​0 Staff members of Hotel
Located at a walk able distance from the Hotel

Guide Price: Rs.350 Crores (Negotiable)

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.