For Sale: An upscale operational hotel in Belagavi, Karnataka
120 units
Attributes
Land area gross
1,579 sm
Tenure
Freehold
Zoning
Commercial Business
Building area gross
6,039 sm
Units
96
Year built
1994
Transaction Structure
SPV Sale
Call for offers
11/17/2026
Description
JLL as exclusive advisor is pleased to present St. Marks Hotel, situated at St. Mark's Road in Bengaluru's Central Business District. This 96-key, 4-star hotel represents a unique opportunity to acquire a heritage asset strategically positioned to leverage Bengaluru's booming economic trajectory.
This established hotel offers a comprehensive suite of amenities including F&B offerings, banquet hall, meeting facilities, and a spa, catering to both business and leisure guests. With its proximity to commercial, retail, and hospitality hotspots, and excellent connectivity through the Purple Line Metro, this location stands as a keystone in the CBD. The property spans a land parcel of ~17,000 sft with a permitted FSI of 2.25, presenting multiple pathways for value creation including ongoing hotel operations, or redevelopment into commercial or premium residential spaces.
Scarce land in a tightly-held market underscores its strategic advantage, with recent JLL transactions reflecting land values exceeding ₹290 Cr per acre. Bengaluru's CBD supports diverse demand drivers, with thriving office markets and luxury retail and lifestyle destinations fostering continuous growth.
This investment promises stable income with high post-COVID revenue growth supported by an alliance with Radisson Individuals, ensuring robust cash flows. The hotel's EBITDA profitability and debt-free status bolster dividend payouts, underscoring its solid financial foundation. The burgeoning city landscape and best-in-class infrastructure anticipate sustained appreciation, making this a compelling value-add investment. Investors are invited to submit Letters of Intent by 17th November 2026.
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Investment highlights
- Prime CBD location: Situated on St. Mark's Road, ensuring prestigious central positioning.
- Operational cash flow: 96-key, 4-star hotel generates immediate, stable income.
- Multiple value-creation pathways: Operate, redevelop or hold for appreciation.
- Strong market fundamentals: CBD, Bengaluru, has limited new supply boosting asset value.
- Above-market rents: With office rents exceeding ₹275/sft, ideal for commercial use.
- Supported by a robust ecosystem: Tech hub, Grade A offices around offer demand assurance.
- No debt: Hotel is profitable on both EBITDA and net level, allowing strategic flexibility.
- Potential redevelopment: Utilize Premium FSI over and above the base FSI of 2.25x.
- Radisson alliance: Enhances distribution and visibility, boosting occupancy rates and revenues.
- Appreciation potential: Scarce developable land in a supply-constrained market supports long-term gains.
Media
Prime CBD Investment Opportunity - St. Marks Road Bangalore (0 Properties)
