💬 About this property
A hotel property of 18,000 square feet, approximately 2,000 square yards, is listed for resale near Tribune Chowk, Chandigarh. The structure comprises 8 floors plus a basement, with a G+8 configuration. The property is fully operational and revenue-generating. The asking price is not specified in the listing. Details include 60 rooms, 2 presidential suites, a gym, 3 banquet or meeting halls, an all-day dining restaurant, and an in-house bar.
The listing notes the hotel is rated 4-star and leased for 9 years, with a fixed rental of 11 crore. The lease includes a rental increment of 15 percent at every 3-year interval. A new lease term began in 2026 with the same tenant. The property is described as operational with an indicated internal rate of return of 14 percent.
Listing details
Size: 2000 sqyd
Location: Near Tribune Chowk, Chandigarh
Floors: G+8
From the dealer's note
Hotel Details. Star Rating - 4 Star. Location - Near Tribune Chowk, Chandigarh. Status - Fully operational, Revenue-generating hotel [ IRR 14% ]. Rental - 11 CR [Fixed]. Key highlights. Total Rooms - 60 rooms. Suites - 2 Presidential Suites. Gym - Yes. Banquets - 3 banquet / meeting halls. Dining - All-day dining restaurant and an in-house bar. Plot Size. Plot size - 18000 Sq feet. Structure - 8 floor + Basement. Leased for 9 years. Increment in Rental 15% at every 3 years interval. New lease started in 2026 with the same Tenant.
