Hotel Seeking Loan in Kolhapur, India

Hotel is in a prime location in Kolhapur City.

The yearly occupancy rate is 70-75%.

Hotel is managed by an established management brand.

Facility has all the required amenities and we are planning to add additional features.

We have been paying a lot of interest so we need INR 15 crore to clear the debt.

Hotel with:

97 luxurious rooms.

2 restaurants.

1 coffee shop.

3 banquet halls for 50 to 500 people.

1 board room 20 to 40 covers.

70 cars and 50 two-wheeler covered parking areas.

1 restaurant and banquet hall on the rooftop some work in progress.

Swimming pool and gym at rooftop work in progress etc.

Land, hotel building, all interior furniture, electrical appliances, electronic appliances, kitchen equipment, crockery cutlery, etc.

Own land with a built-up area of 1,15,000 sq ft spread across 13 floors with 157ft road frontage near Old Pune Bangalore Highway.

Entire land and hotel are owned by the pvt ltd company.

Have INR 29.75 cr consortium finance from banks and INR 10 cr overdue because of Covid.

Business has 3 directors from the same family.