708782 | 5 STAR LUXURY RESORT FOR SALE ON KOVALAM BEACH IN

5 STAR LUXURY RESORT FOR SALE ON KOVALAM BEACH IN INDIA.

? Freehold Land – 1.35 Acres

? Cost of land near the beach – Rs. 30 lakh per cent, approx. Rs 40 cr as land cost

? Number of rooms – own 44 and on lease 19 rooms

? 5 star award winning and sea facing hotel, Occupancy at 60-70%

? With bar license, 3 Restaurants, Ayurveda and spa center, Swimming pool

? FY18 Revenue of Rs 13 cr, Profit of Rs 6.5 cr, ROI of about 7% (from profit perspective)

? Room Revenue at Rs 8.5 cr, Other Revenue at Rs 4.5 cr (Ayurveda, bar, banquet, kitchen)

? Vizhinjam port is in vicinity of 10 kms

? Promoters see lack of land as a big positive for properties

? New Hotel hard to construct due to lack of land.

To move forward:

-       Buyer / Buyer Rep to sign asset specific NCND/MFA

Buyer to submit Non-binding LOI and POF to connect with seller