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Preface 1
Preface 1
Overall, the market prospects for the hotel industry are positive, with Ongoing
growth and development expected in the coming years. However, the industry is
also subject to economic and environmental fluctuations, as well as increasing
competition, making it important for hotels to continually adapt and innovate to
remain successful.
Sales Tax Permit: A sales tax permit is a document that allows you to collect
and remit sales tax. This permit is issued by the state and is required for all
businesses that sell goods or services.
Fire Safety Permit: A fire safety permit is a document that authorizes your
hotel to operate fire safety systems, such as fire alarms and sprinklers. This
permit is issued by the local fire department and ensures that your hotel
meets fire safety regulations.
Food Service Permit: A food service permit is required if your hotel has a
restaurant, café, or other food service establishment. This permit is issued by
the local health department and ensures that your food service operation
meets local health and safety standards.
Measure Your Results: Track and analyze the results of your marketing
efforts to determine what is working and what is not. Make data-driven
decisions and adjust your strategies as needed to maximize results.
Promoting a hotel business can be a challenging task, but with the right
strategy and tactics, it can lead to increased brand awareness, higher
occupancy rates, and increased revenue. Here are some effective ways to
promote your hotel business:
Offer Special Deals and Packages: Develop special deals and packages for
holidays, weekends, or off-peak seasons. Partner with local attractions and
restaurants to offer guests a complete experience.
Acquisition: Once the ideal location has been identified, the necessary land
or property to build the hotel must be acquired. This may involve negotiating
with property owners, obtaining zoning permits, and completing legal
documentation.
Design: Hiring architects and designers to create the design and plans for the
hotel. The design should reflect the target market, as well as the brand and
image of the hotel.
Prerequisites Of A Hotel
Safety and security: Ensuring the safety and security of guests through
proper staffing, training, and physical security measures.
HOTEL JEET NEW DIGHA, FRONT OF SEA BEACH, 4.5 KATHAS G+5 36
KANIKA GHAT, GADADHARPUR, APPROX
PURBA - MUDINIPURE
ISHANI - II NEW DIGHA, CHAMPABANI, DIGHA BY 4 KATHAS G+3 20
PASS, PURBA - MEDINIPURE APPROX
NOTE: ALL THESE PROPERTIES ARE FULLY INSPECTED AND ALL INFORMATIONS ARE COLLECTED ON
THAT BASIS ONLY. IN LATER PART, WE WILL DESCRIBE REGARDING THOSE PROPERTY DETAILS
IN AND OUT IN EACH PARAMETER.
IN THE NEXT PART WE WILL BE DISCUSSING REGARDING THE HOTEL VALUATION PROJECT
COST SEPARATELY
HOTEL VALUATION PROJECT COST
NAME OF THE TOTAL AVERAGE AVERAGE DAILY MONTHLY MONTHLY MONTHLY MONTHLY YEARLY
HOTEL ROOMS ROOM RENT PER RENTALS REVENUE REVENUE REVENUE REVENUE REVENUE
USES DAY FROM FROM FROM FROM FROM FROM
ROOMS ROOMS RESTAURANT CONFERENCE HOTELS HOTELS
ROOMS
HOTEL S.T. APPLE 42 32 1800 57600 1728000 23000 8000 1759000 21108000
LOVELY STAR INN 10 05 1500 7500 225000 NIL NIL 225000 2700000
NAME OF TOTAL AVERAGE AVERAGE DAILY MONTHLY MONTHLY MONTHLY REVENUE MONTHLY YEARLY
THE HOTEL ROOM ROOM RENT RENTALS REVENUE REVENUE FROM FROM CONFERENCE REVENUE REVENUE
S USES PER DAY FROM ROOMS FROM ROOMS RESTAURANT ROOMS FROM HOTELS FROM HOTELS
HOTEL WAGES AND MAINTENANCE ELECTRIC ACCOUNTANT LOCAL COST OF DEPRECIATION DEPRECIATION TOTAL
SALARY OF BUILDING EXPENSES CHARGE TAX CAPITAL OF FURNITURE OF BUILDING
DIGHA : 2000000 3060000 1200000 65000 25000 912500 900000 700000 8862500
GREEN GATE
NEWLY 2000000 2900000 1500000 70000 25000 1175000 1200000 720000 9590000
CONSTRUCTION
HOTEL JEET 1250000 1050000 700000 30000 10000 862500 800000 450000 5152500
ISHANI - II 800000 1000000 600000 35000 15000 1037500 550000 275000 3587500
S.T. APPLE 1850000 2300000 800000 35000 15000 487500 375000 350000 6937500
A.M. 1200000 1100000 750000 30000 10000 650000 500000 375000 4615000
RESIDENCY
PURI : 2750000 3500000 1625000 70000 30000 3482600 1300000 875000 13632600
SAPHIRE
INTERNATIONAL
SWEET 1250000 1050000 700000 30000 10000 862500 800000 450000 5152500
FANTASY
RESORT
ORCHID BEACH 1075000 900000 575000 20000 10000 665500 700000 375000 4320500
INN
LOVELY STAR 800000 1000000 600000 35000 15000 487500 375000 275000 3587500
INN
HOTEL WAGES MAINTENA ELECTRIC ACCOUNTA LOCAL COST OF DEPRECIATIO DEPRECIATION TOTAL
AND NCE OF EXPENSE NT TAX CAPITAL N OF OF BUILDING
SALARY BUILDING S CHARGE FURNITURE
SILIGURI : (PART - 3000000 1850000 1600000 75000 35000 3775500 1575000 1000000 12910500
B)
SAYEEIN
RESIDENCY
SUNHILL PORTICO 2200000 1500000 1200000 55000 25000 2860500 1250000 700000 9790500
HOTEL GANAPATI 2275000 1600000 1300000 65000 25000 3000000 1300000 800000 9365000
TEA LEAF RESORT 3100000 2500000 2500000 70000 35000 7115000 2200000 1000000 18520000
DARJEELING : 3500000 2000000 1600000 60000 35000 4412500 1475000 1000000 14082500
MOUNT CONIFER
HERMITAGE 1800000 1500000 1100000 45000 20000 1750000 1000000 600000 7815000
RESORT
HOTEL GARUDA 900000 775000 575000 25000 15000 775000 800000 700000 4565000
PART - C (DOOARS) 900000 775000 575000 25000 15000 775000 800000 700000 4565000
:
M.G. RESORT
THULSUNG 900000 775000 575000 25000 15000 775000 800000 700000 4565000
HOMESTAY
JUNGLE BOOK 3500000 2700000 2700000 42000 75000 7750000 2500000 1300000 20567000
RESIDENCY
ANNEXURE - 3B
DEPRECIATION OF MANAGEMENT - AND CENTRAL OFFICE RELATED
ANNEXURE - 2B
INDIRECT EXPENDITURE
ANNEXURE - 2C
DEPRECIATION OF HOTEL RELATED EXPENDITURE
ANNEXURE - 3
MANAGEMENT AND CENTRAL OFFICE RELATED EXPENDITURE
INTRODUCTION :
Digha is one of the well known coastal area, as well one of the widest
beaches all over the world. Digha beach which increases the beauty of West
Bengal, another stunning beach about 14 km from shankarpur. This area lies
in the south west corner of the purba medinipur district of West Bengal and
the length is 14 km. from the Orissa Border. Revenue from tourism
department from this place is increasing year after year. All the people from
various culture, religion gathers here to take the sea-side flavor of nature and
for the sea-side beauty lots of film shootings taken there, as a result this place
converts into the focus point of tourist, as well the gatherings in all hotels
increasing day by day in recent years. The recent data is saying that in 2024
the revenue amount is 2429.983 INR mn, as per the Economic Services
Record. Tourism offers great opportunities for emerging economics, as well it
creates jobs and strengthens the local economy. The best part is for the over
gathering of tourist and their stay, it reduce3 the local poverty and as well it
enriches the employment in shops, hotels. Only 155 hotels are there near
New Digha Sea Beach, and lots on in Old Digha and other areas also.
The open air live performance on the sea beach in Digha that has already
attracted visitor and every year 20-25 lakhs tourists visit here. Now we have a
look on the geographical situation of Digha
So, we can conclude this place overall is a good spot for tourism, which
will enrich the revenue in the aspect of hotel and resort industry.
Floors - G + 4 (constructed)
Types of Rooms -5
Sellable Cost As per the owner side the proposed selling cost
- of this hotels are 25 crore and it’s negotiable at
any time.
HOTEL JEET
The property is located near the beach and has a good ambience, this is
well maintained and feels like home and food quality is average. It situates
370 meters from New Digha Sea Beach.
This 3-star category hotel located in New Digha, Plot No. - 75, N-2 Sector,
Palsandapur. The front desk facilities are available for 24 hours. There are
some of the visiting place, like - Digha Planetarium, Digha Science Centre,
and Marine Aquarium.
Within the all budget hotels in Digha, this property is very much popular
among the star categories. This property is very closed to New Digha Sea
Beach, old Digha sea beach and Digha beach as well. There are few minus
point are there like - Lift is not working properly, Restaurant size are not upto
the mark, Little dining (which all these features found in inspection).
HOTEL ISHANI - II
This property is actually low-rated hotel in new Digha, near sea beach
market road. This property consisted with G+3 storied building and consisted
with surface areas of 4 kathas. All the rooms in this property are not upto the
mark as per decoration and ambience, they have all together 20 rooms. From
the ownerside they have quoted 6.5 crores as sellable price of this hotel.
Key Points : Apart from all these overmentioned properties, there are
another two hotels, as per the inspection report, within that two properties
owner is in abroad so, no conversation couldn’t be possible at that point of
time and another property was in under construction mode, which
constructs G+4 floor provision, with the surface area of 12 kathas, approx
50 rooms.
2. PROPOSED SITE [PURI]
INTRODUCTION
Puri is a coastal city and a municipality in the state of odisha in Eastern
India, it’s situated on the bay of Bengal and is one of the original Char Dham
Pilgrimage Sites from Hindus. The economy of Puri is dependent on the
religious importance of the Jagannath Temple to the extent of nearly 80
percent. Puri has been chosen as one of the heritage cities for heritage city
Development and Augmentation Yojana (HRIDAY) scheme of govt. Of India.
The communicational part regarding transportation is beautiful like - Rail,
Road, Air and Sea Services also available. Many fairs and festivals are
celebrated here with huge gatherings of outside pilgrimage. The architectural
grandeur is most prominent in each and every building. Average literacy rate
of local people is very high, so they are very aware in all aspects.
Geographically, this cities attracts tourists for sea shore beauties, and for their
nice handcrafts and the side-seens beauties of their cities. The puri beaches
attracts tourists for sun-bades, camel rides, horse-rides, Actually this is the
main focus point for hindu pilgrimage and for their devotion, and that is the
main reason lakhs of tourists gather here year after year to take flavour of
here in all aspect.
So, we can see the potentiality of this cities in all aspect of attraction, and
that is the main reason apart from extreme heat, each and every month of the
entire year total cities are packed up fully with tourist, as well the hotels of
cities are packed with guests, and many occasions tourists faces problems for
searching hotels, and with the various segmentation of tourists, the hotels are
also segmented as per categories. Now, we will discuss regarding the
inspected hotels in next part.
HOTEL SAPHIRE INTERNATIONAL
This property locates near pink house, chakratirtha road and it’s a major
residency in Puri, specially near sea-beach. The main attracts from this hotel
like - beach which is 550 meter from hotel, 1.6 km from puri railway station
and 5 minutes walking distance from Sonar Gouranga Temple. Some key
features of this property undermentioned –
Key Points
Apart from all these above described properties, there are also two
properties, one is U.K. PALACE and another is HOTEL LOVELY STAR INN.
Regarding U.K Palace no information couldn’t be collected, and the second
one means the Lovely Star consists of G+3 constructed area, 4 decimal
surface area, total they consists 10 rooms, and as per the owner side the
salable cost is 6 cr.
PROPOSED SIDE [SILIGURI]
This city is well known as the gateway of North Bengal of India, and
Geographically it plays a vital role in terms of business aspect. Iits a major
tier-II city in West Bengal. Siliguri is popular for three economic reason Tea,
Timber and Tourism. Its located on the banks of the Mahananda River and
the Teesta River at the foot hills of the Mahalayas. The cities have great
strategic international borders : China, Nepal, Bangladesh and Bhutan, it also
connects northcast with mainland India. Siliguri is a significant trading and
also the transportation hub. NH-27 crosses through the heart of the city, the
cities also the origin of NH-110, for that reason the transportation system is
unique compare to other cities. There are also lots of spots for tourists, which
attracts peoples year after year, like - toy train an UNESCO world heritage
site, Salngara Monastery, ISKCON TEMPLE, Coronation Bridge, Mahananda
wildlife sanctuary, Chapramari wildlife sanctuary and many more to see.
So, for all these geographic and economic reason tourists run into Siliguri,
and for this reason tourism part as well the hotel business expand in this city,
as well the revenue part developes. Different categories of tourists creates
segmented hotels here as per facilities concerned. Now, we will discuss
regarding the inspected properties in next part.
HOTEL GANAPATI
This is a centrally located hotel at the heart of the city, Sioliguri, near
bidhan road, and bidhan market. The nearby best location of this property, like
- kanchenjunga stadium 110m. Away, shoppers stop 1.97 km away, and the
science city which is 2.48 km. away from here. The prime focus of this
property are the scenic beauty of kanchenjunga from the root - top of the
banquet. This hotel situates within 2 km from railway station.
Some of the key features of this property are under mentioned -
Surface area - 7 decimals
Rooms - 59
Floor - G+5 (constructed)
Type of rooms -3
Rent tariff as per the room standards -
Economy - 2500 /-
Premium Economy - 3500 /-
Suit Room - 5700 /-
Conference hall - 1 (consisting seating capacity is 200 seats, for various
events like - corporate, as well family affairs in well ambience)
Restaurant - 1 (All types of food available here for all types of people,
consisting seat capacity is 100)
Cafeteria - 1 (This is one of the best place to spare the free time of guest with
the availability of all types of facilities.)
Banquet - 1 (consisting seat capacity 150, which is fully decorated and
enough designed for any type of activities.)
Other highlighting points -
Decorated terrace - This property designed with a highly decorated terrace,
and maintained all time, from where you can enjoy the beauty of the
kanchenjunga hills, which also attracts the guests in this property.
Gym Center - For the safety of the health of all the guests, they offers gym
instruments as an additional beneficiary of this hotel.
Sellable cost - The selling cost of this property is 75 cr. which can be
negotiated at any point of time.
HOTEL GARUDA
It’s a low cost property in Darjeeling compare to others, which situates
near Big Bazar and mainly surrounded by mid market location.
Surface area - 6 kathas
Rooms - 22
Rent tariff as per the rooms standards -
Economy - 2500
Premium - 3200
Floor - 3 (G+2 constructed)
Restaurant - 1
Sellable price - the selling cost of this property 21 cr.
HERMITAGE RESORT
This property is another important one among the all properties near mall
road. Its a great choice for travelers in 4 star category hotel in Darjeeling due
to flexible policies and friendly management which provides great customer
satisfaction. This property provides you the incredible views of Kanchenjunga
mountain. Some of the key features of the property are under mentioned –
MG RESORT
This is a small property located near Jaldapara forest. The entire area is
large, but the huge part are under construction, it’s close to Airport.
Surface area - 33 decimals
No. of Rooms -2
Rotundum - 1 (good condition)
Sellable cost - 18.5 lacs (It can be negotiable)
THULSUNG HOMESTAY
It situates in Pandara, Gorubathan, in lower fagu tea garden, it’s actually
the best homestay in nearby Gorubathan, 20 miles from Gorumara National
Park. some of the key features of this property are under mentioned –
But, specially for this property it’s actually high worthy in aspect of
investment si9de, anybody can expect high return from this property, as this
property's all features are highly designed.
CONCLUSION