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

8/9/2019 5e Consulting City Profile Hotels Ahmedabad (Feasibility Study, Demand Study, etc)

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Ahmedabad

Ahmedabad

Varishta ConsultantsPvt.Ltd.5eConsulting.

Hyderabad|Mumbai

|Delhi

|Ahmedabad

|Kolkata


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HO&RegisteredOffice Hyderabad

Contact

Mr.Raghuram AVG,102A,SriDattasai CommercialComplex,Opp.Saptagiri Theatre,RTCXRoads,Hyd 500020

Landline +910427627607:Mobile +919701010000Email:[email protected]

,[email protected]

Mumbai

B29/113SundarNagar

NearGanesh Temple

Sundernagar ,Santacruz East

6Mangal,3AVishrut Bunglows,

OppositeA

School

Subhash chowk,Memnagar

Ahmedabad

12/3MonoharPukurRoad3 rd Floor

NearUttam

Mancha

Kolkatta 700026

KolkataDelhi

10B,Jangpura

MathuraRoad

NewDelhi 110014

Mumbai400098

Contact Mr.SourabhAgarwal

Landline

Mobile +919930868608

Ahmedabad380052

Contact Mr.Haresh Desai

Landline +917940055790

Mobile +919662124866

Contact Mr.AshutoshNigam

Mobile +919831022820

Contact Mr.RajivJha

Landline

Mobile +919971544299

Email [email protected] ma n o econsu ng. n_ .

Email rajiv17@gmail. com

AssociatedCompanies

5eConsulting WiseFinancial OneIMPEX,

.

.

Hyderabad


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IntroductionIntroduction

Parameter Description

Population(2001census) 4.69million

Popu ation 2010projecte 5.80m on

Area 1300sq.km

AdministrativeStatusAhmedabadMunicipalCorporation(AMC)forthecorecityandsomeoftheregionssurroundingthecityareadministeredbytheAhmedabadUrbanDevelopment

Authority(AUDA).

Climate

Threemainseasons:summer,monsoonandwinter.Asidefromthemonsoonseason,

theclimateisdry.Averagesummermaximumandminimumis33 C(80 F) 23 C

(73 F)

City

Functions Textileindustries,

pharmaceutical

Industries,

Trading,

Education,

Logistics

DistanceofAirportfromCBD 13kmfromAshramroad(corecity)

Commercial

RealEstateOutlook Residential

Retail

SEZ,PoliticalStability,ProposedInfrastructureProjects,lowconstructioncost,

proposedindustries

UpcomingSuburbsSanand,Bopal,Shela,Ghuma,Shilaj,SPringroad,SGhighway,Ahmedabad

Gandhinagarhighway,Prahladnagar

1.8forResidentialR1

PermissibleFSI

1.2forResidentialR2

0.3forResidentialR31.8forCommercial

2.25forStarHotelson18mwideandaboveroad


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GeographicalFeaturesGeographicalFeatures

Six laning ofSarkhej-

ramgamhighway

Royal group

TATA NanoPlant

owns p1200 acres

(proposed)


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DemographicsDemographics

Population projection for Greater Ahmedabad including AMC and AUDA area

20012011 2021 2035

Population* 5,417,374 6,905,477 8,231,375 10,900,000. , , , , , , , ,

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 o ulation

%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


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Economy &DevelopmentEconomy &Development

WorkparticipationratioofdifferentcitiesinwesternIndia

WPR (in %)

Sectorial distributionofemploymentinAhmedabad

Services

16.62%

Mining and Quarrying

0.40%

Agriculture

1.70%

34

3536

37

38

39

Manufacturing

32.13%

Transport

9.61%

29

30

31

32

33

Mumbai Pune Vadodara Surat Rajkot Ahmedabad Construction

Trade, Hotels and

Restaurants

33.33%

WPR (in %)

UrbanCWEoccupation&HWoccupationforAhmedabad

.

S. No.Categories %

Source:CityMonitor2002

r cu ure .

2Mining andQuarrying

0.4

3 Manufacturing 32.1

4 Construction 6.2

5Trade, Hotelsand Restaurants

33.3

Source:TheMarketingWhiteBook,200304

6 ransport .

7 Services 16.6

Total 100.0


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Economy &DevelopmentEconomy &Development

SardarPatelRingRoadandproposedGIFTcity

BusRapidTransportSystem(BRTS)AhmedabadGandhinagarMetro

GIFT

citySardar

Patel rin

road

DelhiMumbaiIndustrialCorridor

SabarmatiRiverfrontproject


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CBD&CommercialAreasCBD&CommercialAreas

CoLease

rentals INRCapitalvalues

SABARMATI

de Area

psft pm)

(INR psft)

Old City

Core 10- 20 800- 2000Ashram

THALTEJ,SHILAJ

1

Road(CBD) 20- 45 1800- 4500

2

CG Road(CBD) 30- 60 3000- 6500

OLDCITY

CORE1

2

BAPUNAGAR

BOPAL,SHELLA3 3 Gurukul 20- 30 1800- 2800

Vastrapur 25- 40 2000- 4000

Prahladna

4

MANINAGAR

4 ar 30- 55 3000- 5500

5

SGHighway

(SBD) 35- 55 3000- 6000

SANAND Sabarmati 15- 30 1000- 2500

Maninagar 15- 25 1200- 2500

Bapunagar 10- 25 1000- 2500


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ResidentialRealestateResidentialRealestate

Code

Area Type CapitalValues

(INR psft)

SABARMATI

Old CityCore

Traditional Houses 800- 1500

1 Navrangp

ura

Apartments 2500- 4000

2 BAPUNAGAR

THALTEJ,SHILAJ

aranpura par men s -

Gurukul Apartments 1800- 2800

Vastrapur Apartments 2500- 3500

3 Satellite Apartments 3000- 4500

OLDCITY

CORE

1BOPAL,

SHELLA 4 Paldi,Vasna Apartments 2500-3000

Sabarmati Apartments 2000-2500

-4

MANINAGAR

SANAND

,Shilaj

Bopal,Shella

Bungalows, Rowhouses

2400-3200

Sanand Bun alows Row 1800- 3000houses

Maninagar Apartments 1500-3000

Bapunagar

Apartments 1100- 1800

Shahibau

g

Apartments 2200-4500


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RetailRealestateRetailRealestate

Co

Leaserentals

(INR psftCapitalvalues

SABARMATI

de Area pm) (INR psft)

Old CityCore 20-50 1800-4500

Ashram 7000-

BAPUNAGAR

THALTEJ, SHILAJ

1 Road 70-95 10000

2 CG Road 80-1107500-

12000

OLD CITYCORE

12

BOPAL, SHELLA

5

33 Gurukul 50-65 4500-7000

Vastrapur 45-70 4500-7500

4

MANINAGAR

4 Satellite 65-90 6300- 9500

5

SG

Highway 70-100

6500-

10000

Sabarmati 30-50 2800-5000

Maninagar 25-45 2500-4500

Bapunag

ar 15-30 1500-3200


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Tourists&BusinessVisitorsTourists&BusinessVisitors

Actual travellers forecasting in Ahmedabad

Purposeof

traveling 20092010 20102011 20112012 20122013 20132014 20142015 20152016

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


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OverviewofhospitalitysectorOverviewofhospitalitysector

There are many existing hotels in Ahmedabad, while Gandhinagar has a couple of good quality hotels. Thereare about 1322 star category hotel rooms, inclusive of 3 star, 4 star and 5 star category hotels, in Ahmedabad.The average occupancy in these hotels is around 75%. Many national and international hotel chains arescouting for and in the city and some have finalised locations and plots for hotels in the city.

Locations of Hotels in Ahmedabad


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InventoryofexistinghotelsInventoryofexistinghotels

Sr.No. Name& No.ofRooms Occupancyin Tariff(INRperroomnight)

Fivestarhotels

c

1 Taj ResidencyUmmed 91 55% 780016000

2 LeMaridien 63 60% 8000

13500

4 Mariott parkland 160 NA 750010000

5 Inder Residency 79 60% 50007800

Fourstarhotels

Sr.No. Name& No.ofRooms Occupancy(oct'09) Tariff

Address

2 ComfortInnSunset 33 58% 40006000

3 St.Laurn 75 NA NA

4 Hotel Gin er 75 NA 2599

5 HotelCountryinn 75 NA NA

Total 308 62%


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InventoryofexistinghotelsInventoryofexistinghotels

Three star hotelsSr.No. Name& No.ofRooms Occupancyin% Tariff (INRperroomnight)

Address

1 FortuneHotelLandmark 96 65% 720010700

2 QualityInnRivera 69 60% 30004000

3 TheWestend 37 65% 21002600

4 HotelRoyalHighness 47 70% 25004200

5 HotelKanak 28 60% 23005000

6 HotelNalanda 44 65% 30004000

7 SilverOakClub&Resort 45 75% 30004500

8 CambaySapphire(3starhotel), 55 50% 18003200

9 NestHotel 44 70% 20003000

10 HotelPresident 58 65% 28003700

11 HotelChicago 35 70% 52006500

12 RockRegency 50 70% 12001800

13 HotelRitzInn 48 60% 16003000

14 The Grand Bha wati 36 75% 38007000

15 HotelGoldenPlaza 20 65% 20004000

16 HotelPride 32 55% 16003400

17 HotelLemontree 60 60% 25005000

18 HotelMetropole 45 75% 20004500

19 AmbassadorHotel 25 55% 17503150

20 TheChambers 28 70% 23953595


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DemandSupplyGapDemandSupplyGap

Demand assessment assuming CAGR of 12% in tourist arrival

Year 20092010 20102011 20112012 20122013

TouristarrivalinAhmedabadcity(inlakhs) 28.78 32.23 36.10 40.43

Starcategorytourists@75% 2,158,223 2,417,210 2,707,275 3,032,148

[email protected] 3,237,335 3,625,815 4,060,912 4,548,222

Roomnightdemand@50% 4435 4967 5563 6230

ExistingStock(no.ofrooms)

Considering10%unaccounted

Supply 385 492 450 650

Cumulativestock 1857 2349 2799 3449

Gap(noofrooms) 1650 1444 1365 1057


Gap(noofrooms) 1526 1176 924 410


Gap(no.ofrooms) 1402 915 507 189


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Proposedhotelsaspermarket

intelligence

Proposedhotelsaspermarket

intelligence

Sr.No Name Location Promoter Hotelbrand No.of

rooms

proposed

Category

1 ITCnarmada Keshvbaug,

vastrapur,Ring

road

Welcomegroup ITChotels 100 5star

2 Shantikunj servicedapartment Paldi Orienthospitalities NA 26 4star/budget

3 Raddison Asrhramroad Raddison NA 80 4star

4 Orchid SGHighway Orchid NA 100 5star

5 Dawny day Satellite Dawnyday NA 50 4star

6 GalaHotel Drivein Navneetgroup NA 300 4star

7 Proposedhotel Vastrapur AlphaG NA 100 5star

8 Crownplaza Shapath5,SG

Hi hwa

Savvy

infrastructure

Crownhotels 100 5star

9 Proposedhotel Prahladnagar Parshvanathgroup NA 100 5star

10 Proposedhotel SGHighway Rajtravelsgroup NA 300 5star

ropose o e g way oen xgroup ur o e s s ar

12 Proposedhotel Paldi Panoramic

universalsLtd

NA 36 4star

13 Proposedhotel CGRoad Intercontinental NA 75 4star

o e s

1467


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FutureOutlookFutureOutlook

. .

isincreasingeveryyear.

Hospitalitymarketislikelytowitnessahugeupswingduetocommercialandindustrial

.

incomingyears.

Demandwillincreaseascommercialspacesareaddinginthecitystock.

ActiveGovernmentpolicies,UrbanInfrastructure,lowpricesoflandandrealestate,

availabilityofland,Positivesupportfromtourismdepartmentandgrowthofthecityarekeyfactorstodevelopahotelconsideringoptimumproductmix.


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

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