01-07-2016, 03:19 PM
VISAKHAPATNAM
· 3 star hotel with 88 rooms.
· Budget hotel with 72 rooms.
· Convention centre 1000 pax.
· Exhibition center including retail shopping.
· Multiplex – 200 seat capacity – 3 screens.
PROJECT COST & PROPOSAL
· Total project cost-- 40 crores
· Equity – 15 cr (35%)
· Debt – 25 cr (65%)
Project feasibility report shows a highly profitable venture.
JV PARTNER SHALL INVEST RS 9 CRORE, HOLD EQUITY IN THE SPV AND OPERATE THE HOTEL.
A well planned mixed-use development in Visakhapatnam invite well known hotel management company who can also invest Rs 10 crore for partnership.
· The hospitality complex consists of a 3 star hotel, budget hotel and a convention center at Sheela Nagar, Visakhapatnam.
· The land area is 3.22 acres and 2 km from Visakhapatnam air port.
· Visakhapatnam (famous as Vizag), is one of the largest seaports of India and is also the Head-quarter of the Eastern Naval command. Tourism and shipping industries are the basic revenue generating trades. Vizag steel plant, Hindustan Petroleum, BHPV, Hindustan Ship yard, Coromondel fertilizers, Hindustan zinc and NTPC are the globally acknowledged players having their presence in this port city. Being the nature’s treasure for bauxite, manganese, titanium and iron ore, this beach place has a strong hold on the economy of India.
· Visakhapatnam is notified as smart city in the recently announced list of smart cities by Central Govt.
HOSPITALITY COMPLEX COMPONENTS AS PER APPROVED DPR· 3 star hotel with 88 rooms.
· Budget hotel with 72 rooms.
· Convention centre 1000 pax.
· Exhibition center including retail shopping.
· Multiplex – 200 seat capacity – 3 screens.
PROJECT COST & PROPOSAL
· Total project cost-- 40 crores
· Equity – 15 cr (35%)
· Debt – 25 cr (65%)
Project feasibility report shows a highly profitable venture.
JV PARTNER SHALL INVEST RS 9 CRORE, HOLD EQUITY IN THE SPV AND OPERATE THE HOTEL.