Description
| Deal No | HO-2 |
| Business Domain | Hospitality |
| Sub-Domain | 5 Star Hotel |
| Geographical Location of Asset | Delhi |
| Reason for Stress | Due to a short gestation period and management inefficencies the hotel underperfomed in the initial years, was unable to service its interest obligations and thereby was classified as NPA in 2014. |
| Price Range/Ticket Size | Rs 225 Cr. |
| Debt | Rs 660 Cr. |
| Value of Associated Real Estate | Rs 500 Cr. |
| Details of Secured Creditors | The asset was mortgaged to a consortium of Banks, who in turn have now approached NCLT for initiating Insolvency and Bankruptcy proceedings against the company |
| Litigations | The buyer will get the asset through the directions of NCLT and will get the asset net of all liablities, debt, litigations and penalties whatsoever of any kind |
| Additonal Information | For Premium Members Only |
| Ways to unlock potential | For Premium Members Only |
| Exit Strategy | For Premium Members Only |
| Name of Owner | For Premium Members Only |
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