The total constructed area is 4 Lakh sqft, comprising 178 rooms and 2 banquet halls, a swimming pool, and all the facilities as per the status of a 5-star hotel.
This is a running 5-star hotel at an upmarket location in Delhi. The total land area is 13159 sqm allowed for commercial purposes, of which the hotel is on 10528sqmts land. The balance land is used for a shopping complex which is out of preview of this sale.
Due to a short gestation period and management inefficiencies, the hotel underperformed in the initial years, was unable to service its interest obligations and thereby was classified as NPA in 2014.
Price Range/Ticket Size
Rs 225 Cr.
Debt
Rs 660 Cr.
Value of Associated Real Estate
Rs 500 Cr.
Details of Secured Creditors
The asset was mortgaged to a consortium of Banks, who in turn have now approached NCLT for initiating Insolvency and Bankruptcy proceedings against the company
Litigations
The buyer will get the asset through the directions of NCLT and will get the asset net of all liabilities, debt, litigations, and penalties whatsoever of any kind
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Exit Strategy
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Name of Owner
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