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2 Star Hotel

The history of the hotel industry is as old as the history of tourism and travel industry. In fact, both are two sides of the same coin. Both are complementary to each other. Hotel is an establishment which provides food, shelter and other amenities for comfort and convenience of the visitors with a view to make profit. The hospitality industry has emerged as one of the key industries driving growth of the services sector in India. The growth of the hospitality industry has always been linked to the prospects of the tourism industry and tourism is the foremost demand driver of the industry. The Indian hospitality industry has recorded healthy growth fuelled by robust inflow of foreign tourists as well as increased tourist flow within the country and it has emerged as one of the leading players in the global industry. Indian hotel industry scenario has been dominated by premium luxury hotel segment for a long time. There was a vacuum in terms of mid-scale hotels till recently. However, a clear segmentation of sorts has come into play in the last few years with the coming of mid-scale budget brand, both international and domestic. However, there are plenty of opportunities and scope for investments in this segment in Tier II and III cities and along destinations of pilgrim importance. This project profile is for setting up of a 2 Star Hotel unit, based on 360 working days per annum.

layers background

Proposed Project 2 Star Hotel

Capacity of the Plant/Unit (at 100% capacity utilization)

Economy-15, Delux-7, Suite-2

Year wise capacity utilization

Year

100%

Year

100%

Year

100%

Year

100%

Year

100%

Final Product

Accommodation

Infrastructure and Equipments Required

Lift

LCD TV

Geyser

Ceiling Fans

Employment Generation

1Chef
2Cook
3Service Boy
2Room Service
1General Manager
1Manager
2Security
1Electrical Technician
2Cleaning / sweeping staff
1Receptionist

Project Cost (subject to respective DPR) In Lakhs

Owned Land (10 Acres)	00.00
Land and Site Development Cost	50.00
Civil works and Buildings(26250 sq. feet @ 1800 per sq. feet)	472.50
Equipment	111.45
Miscellaneous Fixed Assets	112.85
D G Set (240 KVA)	8.00
Escalation & Contingencies (5%)	37.74
Preliminary & Preoperative Expenses	44.19
Total Project Cost	836.73

Means of Finance In Lakhs

	Amount
TERM LOAN (60% of A)	502.04
Equity	334.69
Total Funds Required	836.73

Financial Benchmarks

	Year	Year	Year	Year	Year	Year	Year
Target Revenue	337.82	354.71	372.45	391.07	410.62	431.15	452.71
Break Even Point	56%	53%	50%	47%	44%	38%	35%
DSCR including Principal Repayment	2.10	2.27	2.34	2.33	2.34	2.34	2.38

Basic Assumptions

Power Rate per unit	8.5 Rs./unit
Power Requirement	Rs. 14,41,007
Interest rate assumed	8.50% p.a.
Repayment period	12 Months Moratorium & 10 years repayment.

Others

Training Institutes	N.A.
Whether the service is in the Negative list under NEIDS and MSME?	No

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