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City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
City Profile Hotels Ahmedabad V2
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City Profile Hotels Ahmedabad V2

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5e Consulting City Profile Hotels Ahmedabad (Feasibility Study, Demand Study, etc).

5e Consulting City Profile Hotels Ahmedabad (Feasibility Study, Demand Study, etc).

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  • 1. City Profile City Profile Ahmedabad With best compliments from With best compliments from Varishta Consultants Pvt. Ltd. 5e Consulting. Hyderabad | Mumbai | Delhi | Ahmedabad | Kolkata
  • 2. HO & Registered Office ‐ Hyderabad Contact  Mr. Raghuram AVG, 102 A, Sri Dattasai Commercial Complex, Opp. Saptagiri Theatre, RTC ‘X’ Roads, Hyd ‐ 500020 Landline   +91‐04‐27627607 : Mobile    +91‐9701010000 Email : varishtaconsultants@gmail.com, raghu@varishta.in  Mumbai Delhi Kolkata Ahmedabad 12/3 Monohar Pukur Road 3 rd Floor 6 Mangal , 3A Vishrut Bunglows ,  B 29/113 Sundar Nagar 10‐B, Jangpura Near Uttam Mancha  Opposite A School Near Ganesh Temple Mathura Road Kolkatta  ‐ 700026 Subhash chowk , Memnagar Sundernagar , Santacruz East New Delhi ‐ 110014 Mumbai 400098 Ahmedabad 380052 Ah d b d 380052 Contact  Mr. Sourabh Agarwal Contact  Mr. Rajiv Jha Contact  Mr. Haresh Desai Contact  Mr. Ashutosh Nigam Landline   +91‐79‐40055790 Landline   Landline   Mobile    +91‐9831022820 Mobile    +91‐9662124866 Mobile    +91‐9930868608 Mobile    +91 99715 44299 Email  ashutosh _nigam@rediffmail.com Email ‐ ashutosh nigam@rediffmail com Email info@5econsulting.in info@5econsulting in Email sourabh@5econsulting.in  Email rajiv17@gmail.com Associated Companies p 5e Consulting Wise Financial  One IMPEX,  Solution Pvt. Ltd. Solution Pvt Ltd Hyderabad Hyderabad
  • 3. Introduction Parameter Description  Population (2001 census) 4.69 million Population (2010 projected) P l i (2010 j d) 5.80 million 5 80 illi Area 1300 sq. km Ahmedabad Municipal Corporation (AMC) for the core city and some of the regions  Administrative Status surrounding the city are administered by the Ahmedabad Urban Development  Authority (AUDA). Three main seasons: summer, monsoon and winter. Aside from the monsoon season,  Climate the climate is dry. Average summer maximum and minimum is 33 °C (80 °F) ‐ 23 °C  (73 °F) City Functions Textile industries, pharmaceutical Industries, Trading, Education, Logistics Distance of Airport from CBD 13 km from Ashram road (core city) Commercial  ↔ Real Estate Outlook Residential ↗ Retail ↔ SEZ, Political Stability, Proposed Infrastructure Projects, low construction cost,  Factors Governing Real Estate Factors Governing Real Estate proposed industries Sanand, Bopal, Shela, Ghuma, Shilaj, S P ring road, S G highway, Ahmedabad‐ Upcoming Suburbs Gandhinagar highway, Prahladnagar 1.8 for Residential R1 1.2 for Residential R2 Permissible FSI 0.3 for Residential R3 1.8 for Commercial 2.25 for Star Hotels on 18 m wide and above road
  • 4. Geographical Features Six laning of Sarkhej- Viramgam highway TATA Nano Plant Royal group township t hi 1200 acres (proposed)
  • 5. Demographics Population projection for Greater Ahmedabad including AMC and AUDA area 2011 2021 2035 2001 Population* 5,417,374 6,905,477 8,231,375 10,900,000 Households (HH size 5 0) 5.0) 1,083,475 1 083 475 1,381,095 1 381 095 1,646,275 1 646 275 2,180,000 2 180 000 CAGR (%) 2.20% 2.46% 2.32% 1.92% Source :Population for 2001 is taken from relevant Census of India 2001, population for 2011 & 2035 are taken from CDP - Ahmedabad SEC classification for Ahmedabad population p p % distribution 2001 2011 2021 2035 * SEC A 11% 119,182 151,920 183,744 239,800 SEC B 21.60% 234,031 298,317 360,807 470,880 SEC C 22.10% 239,448 305,222 369,159 481,780 SEC D 25.10% 271,952 346,655 419,271 547,180 SEC E 20.20% 218,862 278,981 337,421 440,360 Source: BW Marketing White book, 2006
  • 6. Economy  & Development Sectorial distribution of employment in Ahmedabad Work participation ratio of different cities in western India Agriculture 1.70% Services Mining and Quarrying WPR (in %) 16.62% 0.40% 39 38 Manufacturing 37 32.13% 36 Transport 35 9.61% 3 34 33 32 31 30 29 Trade, Hotels and Mumbai Pune Vadodara Surat Rajkot Ahmedabad Restaurants Construction 33.33% 6.21% 6 21% WPR (in %) Source: City Monitor 2002 Categories % S. No. Urban CWE occupation & HW occupation for Ahmedabad 1 Agriculture 1.7 17 Mining and 2 0.4 Quarrying 3 Manufacturing 32.1 4 Construction 6.2 Trade, Hotels 5 33.3 and Restaurants 6 Transport T t 9.6 96 7 Services 16.6 Source: The Marketing White Book, 2003‐04  Total 100.0
  • 7. Economy  & Development Sardar Patel Ring Road and proposed GIFT city Bus Rapid Transport System (BRTS) Ahmedabad‐Gandhinagar Metro GIFT  Sardar  city Patel ring  Patel ring road Delhi‐Mumbai Industrial Corridor Sabarmati River front project
  • 8. CBD & Commercial Areas Lease Capital Co rentals (INR values de Area psft pm) (INR psft) Old City SABARMATI Core 10- 20 800- 2000 Ashram Road 1 (CBD) 20- 45 1800- 4500 THALTEJ, SHILAJ CG Road 2 (CBD) 30- 60 3000- 6500 BAPUNAGAR 3 Gurukul 20- 30 1800- 2800 3 BOPAL, SHELLA Vastrapur 25- 40 2000- 4000 OLD CITY  1 2 CORE Prahladnag g 5 4 ar 30- 55 3000- 5500 4 SG MANINAGAR Highway 5 (SBD) 35- 55 3000- 6000 SANAND Sabarmati 15- 30 1000- 2500 Maninagar 15- 25 1200- 2500 Bapunagar p g 10- 25 1000- 2500
  • 9. Residential Real estate  Cod Area Type Capital e Values (INR psft) Old City Traditional Houses 800- 1500 Core SABARMATI 1 Navrangp Apartments 2500- 4000 ura 2 Naranpura N Apartments A t t 1500- 1500 2800 Gurukul Apartments 1800- 2800 THALTEJ, SHILAJ Vastrapur Apartments 2500- 3500 2 BAPUNAGAR 3 Satellite Apartments p 3000- 4500 1 4 Paldi, Apartments 2500-3000 BOPAL, SHELLA OLD CITY  Vasna CORE Sabarmati Apartments 2000-2500 3 Thaltej, Thaltej Apartments 2000-3000 4 Shilaj MANINAGAR Bopal, Bungalows, Row 2400-3200 Shella houses SANAND Sanand Bungalows, Row g , 1800- 3000 houses Maninagar Apartments 1500-3000 Bapunaga Apartments 1100- 1800 r Shahibau Apartments 2200-4500 g
  • 10. Retail Real estate  Lease rentals Capital Co (INR psft values de Area pm) (INR psft) Old City SABARMATI Core 20-50 1800-4500 Ashram 7000- 1 Road 70-95 10000 THALTEJ, SHILAJ 7500- 2 CG Road 80-110 12000 BAPUNAGAR 3 3 Gurukul 50-65 4500-7000 BOPAL, SHELLA OLD CITY Vastrapu 1 r 45-70 4500-7500 2 CORE 5 4 4 Satellite 65-90 6300- 9500 MANINAGAR SG 6500- 5 Highway 70-100 10000 SANAND Sabarma ti 30-50 2800-5000 Maninag ar 25-45 2500-4500 Bapunag ar 15-30 1500-3200
  • 11. Tourists & Business Visitors Actual travellers forecasting in Ahmedabad Purpose of  traveling 2009‐2010 2010‐2011 2011‐2012 2012‐2013 2013‐2014 2014‐2015 2015‐2016 Business 14.40 53% 15.26 53% 16.18 53% 17.15 53% 18.18 53% 19.27 53% 20.43 53% Leisure 2.17 8% 2.30 8% 2.44 8% 2.59 8% 2.74 8% 2.91 8% 3.08 8% Religion 9.51 35% 10.08 35% 10.69 35% 11.33 35% 12.01 35% 12.73 35% 13.49 35% Other 1.09 4% 1.15 4% 1.22 4% 1.29 4% 1.37 4% 1.45 4% 1.54 4% 27.17 28.80 30.53 32.36 34.30 36.36 38.54 Source: Gujarat Tourism Corporation Limited
  • 12. Overview of hospitality sector There are many existing hotels in Ahmedabad, while Gandhinagar has a couple of good quality hotels. There are about 1322 star category hotel rooms, inclusive of 3 star, 4 star and 5 star category hotels, in Ahmedabad. g y g y The average occupancy in these hotels is around 75%. Many national and international hotel chains are scouting for and in the city and some have finalised locations and plots for hotels in the city. Locations of Hotels in Ahmedabad
  • 13. Inventory of existing hotels Five star hotels Sr. No. Name & No. of Rooms Occupancy in  Tariff (INR per room night) %(Oct'08) %(O t'08) 1 Taj Residency Ummed 91 55% 7800‐16000 2 Le‐Maridien 63 60% 8000‐13500 3 The Pride Hotel The Pride Hotel 120 50% 7000‐12000 7000 12000 4 Mariott parkland 160 NA 7500‐10000 5 Inder Residency 79 60% 5000‐7800 Total 513 56% Four star hotels Sr. No. Name & No. of Rooms Occupancy (oct'09) Tariff Address 1 Cama Park Plaza Park Plaza 50 65% 5300‐9000 5300 9000 2 Comfort Inn Sunset 33 58% 4000‐6000 3 St.Laurn 75 NA NA 4 Hotel Ginger Hotel Ginger 75 NA 2599 5 Hotel Country inn 75 NA NA Total 308 62%
  • 14. Inventory of existing hotels Three star hotels Sr. No. Name & No. of Rooms Occupancy in % Tariff (INR per room night) Address 1 Fortune Hotel Landmark 96 65% 7200‐10700 2 Quality Inn Rivera 69 60% 3000‐4000 3 The Westend 37 65% 2100‐2600 4 Hotel Royal Highness 47 70% 2500‐4200 5 Hotel Kanak 28 60% 2300‐5000 6 Hotel Nalanda 44 65% 3000‐4000 7 Silver Oak Club & Resort 45 75% 3000‐4500 8 Cambay Sapphire (3 star hotel), 55 50% 1800‐3200 9 Nest Hotel 44 70% 2000‐3000 10 Hotel President 58 65% 2800‐3700 11 Hotel Chicago 35 70% 5200‐6500 12 Rock Regency 50 70% 1200‐1800 13 Hotel Ritz Inn 48 60% 1600‐3000 14 The Grand Bhagwati The Grand Bhagwati 36 75% 3800 7000 3800‐7000 15 Hotel Golden Plaza 20 65% 2000‐4000 16 Hotel Pride 32 55% 1600‐3400 17 Hotel Lemon tree 60 60% 2500‐5000 18 Hotel Metropole 45 75% 2000‐4500 19 Ambassador Hotel 25 55% 1750‐3150 20 The Chambers 28 70% 2395‐3595
  • 15. Demand Supply Gap Demand assessment assuming CAGR of 12% in tourist arrival Year 2009‐2010 2010‐2011 2011‐2012 2012‐2013 Tourist arrival in Ahmedabad city (in lakhs) 28.78 32.23 36.10 40.43 Star category tourists @ 75% 2,158,223 2,417,210 2,707,275 3,032,148 Average duration of stay @ 1.5 days 3,237,335 3,625,815 4,060,912 4,548,222 Room night demand @ 50% 4435 4967 5563 6230 Existing Stock (no. of rooms) Considering 10% unaccounted Supply 385 492 450 650 Cumulative stock 1857 2349 2799 3449 Cumulative stock (room nights) Cumulative stock (room nights) 2785 3523 4198 5173 Gap (no of rooms) 1650 1444 1365 1057 Demand assessment assuming CAGR of 9% in tourist arrival Gap (no of rooms) 1526 1176 924 410 Demand assessment assuming CAGR of 6% in tourist arrival Gap (no. of rooms) 1402 915 507 189
  • 16. Proposed hotels as per market  intelligence Sr. No Name Location Promoter Hotel brand No. of  Category rooms  proposed 1 ITC narmada Keshvbaug,  Welcome group ITC hotels 100 5 star vastrapur, Ring  road 2 Shantikunj serviced apartment Paldi Orient hospitalities NA 26 4 star/ budget 3 Raddison Asrhram road Raddison NA 80 4 star 4 Orchid S G Highway Orchid NA 100 5 star 5 Dawny day Satellite Dawny day NA 50 4 star 6 Gala Hotel Drive in Navneet group NA 300 4 star 7 Proposed hotel Vastrapur Alpha G NA 100 5 star 8 Crown plaza Shapath 5, S G  Savvy  Crown hotels 100 5 star Highway infrastructure 9 Proposed hotel Prahlad nagar Parshvanath group NA 100 5 star 10 Proposed hotel S G Highway Raj travels group NA 300 5 star 11 Proposed hotel Proposed hotel S G Highway S G Highway Phoenix group Phoenix group Zuri hotels Zuri hotels 100 4 star 4 star 12 Proposed hotel Paldi Panoramic  NA 36 4 star universals Ltd 13 Proposed hotel C G Road Intercontinental  NA 75 4 star hotels 1467
  • 17. Future Outlook • ARR in Ahmedabad is average INR 5000 Occupancy levels are 65% to 80% in range . Which  ARR in Ahmedabad is average INR 5000. Occupancy levels are 65% to 80% in range Which is increasing every year. •Hospitality market is likely to witness a huge upswing due to commercial and industrial  proposals around the city. All hotels in the city are doing well and expecting more occupancy  proposals around the city All hotels in the city are doing well and expecting more occupancy in coming years. •Demand will increase as commercial spaces are adding in the city stock. •Active Government policies, Urban Infrastructure, low prices of land and real estate,  availability of land, Positive support from tourism department and growth of the city are key  factors to develop a hotel considering optimum product mix.
  • 18. Assuring you of the best services Assuring you of the best services Thanking you Thanking you Helping execute your projects elping  xecute your  

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