Update On this Deal :
Seller is Ready to Give 61% Stake At Rs. 325 Crore and Would Enter Into An Agreement for Offloading Rest of the Stake in Coming Years.
Name: Ramada, Caravela Beach Resort, Goa.
Location: Varca Beach, Just 40 Minutes Drive From Dabolim Airport.
Rooms : 204 Rooms (Including Standard Room, Superior Room, Deluxe Rooms, Deluxe Suits, Family Villa And Presidential Villa)
Scope In Expansion : Hotel Property Still Has Fsi Available For Expansion Of Next 100 Rooms And 14 Villas.
Total Land Area : Approx. 24 Acres
Occupancy : Last Year It Stood More Than Yearly Industry Average At 70%
Revenue: Last Year Revenue Clocked Rs. 60 Cr.
Ask Price: Rs. 600 Crore For Complete Stake.
Ownership is with 3 Parties Having Share as 51%, 36% and 14% Respectively, the Party Having 51% Will Offload 100% and 36% Will Give Minimum 10% to Make It to 61% Offload, After Getting this 61% Buyer Will have Complete Management Control and Then They Can Run the Hotel Operations Easily and Take Any Decisions for the Betterment of this Property.