213 Five-Star Branded Hotel in Cochin, Kerala, India For Sale
Location: IT Hub – Infopark, Cochin/Kochi, Kerala, Southern India
Name: TBA
Guide Price: INR 250 Crore – around US$ 33m…was higher – reduced price in 2022
Guide Price per Key: INR 117 Lakhs – around USD115k
No. of Keys: 213
The Opportunity:
This five-star, branded hotel, which has been operational since 2012, comprises 213 rooms, including 30 suites, with well-appointed lobby and lounge, coffee shop, all-day dining Indian cuisine, Italian restaurant and bar. 6 meeting rooms and banqueting hall (8,189 sqf) to take upto 550 pax, swimming pool, health club with award-winning spa, sports bar and pool bar. Executive suite rooms have seperate bedroom with double bed and living room. Bathroom with bath tub. Living rooms have balcony. Rooms are equipped with Tea/Coffee Maker, Ipod docking station with Alarm clock, Work Smart Desk, Hubble Switches to connect your electronics equipments with the television.
The hotel is built on 1.76 acres of land…built-up area is 260,000 sqf. with ground plus 20 upper floors, including four floors of parking.
Flag & Management: Agreement in place with a Top-Ten global brand
Current Owner:
Main Photo: The room style at this hotel
Financials: Available after EOI
Tenure: Freehold…outright land sale with structure
Agent: Local agent in partnership with THPT – THPT will need to be retained by buyer
Date Posted: March 2022
THPT Comment: A serious bargain price for this branded hotel, operational for ten years…worthy of a second look
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 week we mail the opportunities posted in that period, 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 [email protected]
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.
