A five-star hotel property in West Delhi available for acquisition through bank-led recovery proceedings. The asset is situated on a prime freehold commercial plot in Rohini, with additional banquet facilities at a separate location, offering significant potential for hospitality or mixed-use redevelopment.
Location: Plot No. 12, Mangalam Place, Rohini, Sector-3, Delhi; additional banquet at B-28, Lawrence Road Industrial Area, Delhi
Land Area: Main hotel plot – ~4.08 lakh sq. ft.; banquet plot – ~7,853.5 sq. yds.
Built-Up Structure: 12-storey operational five-star hotel with modern interiors and amenities; banquet hall facility at a separate location
Ownership: Freehold (hotel plot) and freehold (banquet plot) — held by borrower entities
Current Status: Operational, under consortium-led recovery process; account classified as NPA since Dec 2018
Hotel Building: High-rise structure with premium guest rooms, banquet facilities, restaurants, and back-of-house infrastructure
Banquet Property: Large-format banquet hall in Lawrence Road Industrial Area, suitable for events and commercial functions
Originally sanctioned as a 4-star project, later upgraded to 5-star scope leading to cost escalations and delays in COD (achieved 31.08.2015)
Deal Size: 500-600 crores
Project financed through a consortium term loan structure; restructuring attempts failed, now under DRT recovery
Security package includes equitable mortgage on both properties with consortium banks having pari-passu charge
