Hotel for Lease In Shimla - 38 Keys - Shimla

The hotel is under development and would be available for operations for the next season i.e. 2014.

The following are the details

Property Descriptions -

1. Location - On the National Highway 22 (Shimla bypass, 2 Km from the new ISBT Bus Terminal)
2. Entrance / Exit from and to hotel from the national highway 22
3. Total frontage of the hotel on the national highway 150’
4. Type of Property - Valley
5. Total built up area - 22000 Sqft (Ground FF SF TF FF each floor 5000 Sqft approx.)
6. Fire escapes - through staircase connected to all floors
7. Lift - One
8. Number of rooms planned - 38 including 8 duplex family suites
9. Development stage - Structure is completed, two floors internal room partitions completed.
10. Restaurant (Roof top) - Space 2500 Sqft, sitting for 200 seats
11. Reception and lift lobby (Roof top)
12. Bar with a sitting of 60 seats
13. Meeting room - 100 approx.
14. Operating licence - All licences related to the property would be procured by the owners
15. Parking facility - 40 cars
16. The owners are also open to change the specifications to the operators business module.

Commercial Terms

1. Hotel business module - Lease contract
2. Term period - Minimum three years. The owners would prefer 3. five years term periods with lockin
4. Lease type - Annual
5. Lease amount - INR 150000 per key (Negotiable slightly)
6. Security deposits - One year total rentals (Non Negotiable)
7. The lease would be registered as per norms