Colliers India facilitates landmark sale of boutique hotel in Bangalore
The transaction, encompassing a sprawling 150,000 sq. ft. hotel asset, was managed by Colliers India, collaborating with the ARC, Trustee, Bank, buyer, and seller
image for illustrative purpose
Mumbai: In a groundbreaking deal, Colliers India, a leading diversified real estate services provider, has orchestrated the successful sale of a prestigious boutique hotel in Bangalore, marking a significant milestone in the hospitality industry. The transaction, encompassing a sprawling 150,000 sq. ft. hotel asset, was meticulously managed by Colliers India, collaborating with the Asset Reconstruction Company (ARC), Trustee, Bank, buyer, and seller.
With precision and strategic insight, Colliers India navigated the complexities inherent in the deal, playing a pivotal role in providing an exit strategy for the asset's promoters seeking to liquidate while catering to the aspirations of the buyers aiming to establish a commanding presence in Bangalore's vibrant urban landscape. This transaction signifies Colliers India's foray into the burgeoning hospitality segment under its Capital Markets & Investment Services business, aligning perfectly with the industry's resurgence post-pandemic.
Piyush Gupta, the Managing Director of Capital Markets & Investment Services at Colliers India, expressed, "This intricate deal involving multiple stakeholders—Asset Reconstruction Company, Bank, Seller, and Buyer—underscores our team's expertise in navigating intricate scenarios. The robust growth trajectory of the Indian hospitality sector, fueled by surging tourism, corporate travel, and a growing appetite for enhanced lifestyle experiences, positions it as an attractive investment avenue. Notably, hospitality accounted for approximately 51 per cent of investments in Q4 2023, highlighting its rising prominence."
The transaction involved Hansoge Enterprises Pvt Ltd as the seller and JC Flowers as the ARC. As the sole advisor for this landmark deal, Colliers India reaffirms its position as a trusted market leader. This achievement showcases Colliers India's adeptness in managing intricate transactions and shines a spotlight on the promising prospects within India's hospitality sector, signalling a trajectory of continued growth and investment opportunities.
