Prime 5-Star Luxury Hotel Asset in Jaipur Hospitality Market

BRIEF

Sector: Real Estate & Hospitality
Sub-Industry: Luxury Hotels & Resorts
Location: Sardar Patel Marg, Jaipur, Rajasthan

Key Highlights

  • A premium 5-star deluxe hotel located in Jaipur, developed as part of a diversification initiative by a reputed industrial group with prior presence in the steel and hospitality industries.
  • The company was incorporated in 1991, with the hotel project established as a large-scale hospitality venture to serve both domestic and international tourism demand in Rajasthan.
  • The total project cost stands at approximately ₹482 crore, with the property officially commencing operations in June 2014.
  • The hotel is built on a prime parcel of land on Sardar Patel Marg, one of Jaipur’s most prominent hospitality and commercial zones.

Products & Services

Facilities & Infrastructure

  • Total inventory comprises 172 rooms and executive suites, spread across a modern multi-storey structure.
  • Built-up structure includes a 3-level basement and 8 upper floors, offering both luxury accommodation and large-scale event facilities.
  • Onsite amenities include multiple F&B outlets, a health club and spa, conference and banqueting halls, a business centre, and a shopping arcade.
  • The hotel also has a rooftop banquet hall with a capacity of ~1,000 persons and access to a leased banquet lawn capable of hosting ~2,500–3,000 guests, making it a preferred destination for weddings, conventions, and corporate events.
  • An integrated auditorium and multipurpose event spaces provide additional options for cultural programs, conferences, and large gatherings.

Additional Information

Operational Status & Performance

  • The hotel has been in operation for over a decade and maintains an average occupancy rate of around 80%, indicating strong traction in the Jaipur luxury hospitality market.
  • The property continues to generate revenues from a mix of room occupancy, banqueting, F&B operations, and event hosting.
  • Legal and restructuring proceedings are ongoing, with the account classified under litigation.

Asset Value

  • As per latest valuation (January 2024), the property carries a market/reserve value of approximately ₹407 crore.
  • The asset is fully operational, revenue-generating, and positioned as one of the prominent large-scale luxury hotels in Jaipur.

 

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