NOESIS Capital Advisors, the foremost name in the realm of Hospitality Investment & Hotel consulting, proudly announces the successful facilitation of yet another landmark transaction – the sale of a prestigious 4-star hotel in Vadodara, Gujarat. This remarkable hotel, featuring 96 opulent rooms and a sprawling 15,000 sq ft meeting and banqueting facility, is poised to redefine luxury hospitality in the heart of Vadodara.
Located just 100 meters from Vadodara Railway Station & upcoming bullet train station and a mere 3.1 km from the iconic Lakshmi Vilas Palace, this hotel offers world-class infrastructure and an array of premium amenities, making it the preferred choice for discerning business and leisure travelers alike.
The seller of this prestigious property is the Iscon Group, one of Gujarat’s most venerable real estate developers. With a legacy spanning over three decades, Iscon Group has played a pivotal role in shaping Gujarat’s urban landscape with its investments in shopping malls, office spaces, residential complexes, and hotels. Their venture into the hospitality sector, marking their second foray into the industry, underscores their unwavering commitment to progress and expansion.
Jateen Gupta, Managing Director of Iscon Group, commended the seamless sale of this hospitality project and expressed his gratitude to NOESIS Capital Advisors. He shared, “We are delighted with the successful sale of this esteemed hospitality project. NOESIS has been our trusted partner throughout, providing guidance from project feasibility to the final sale of the asset. We’ve engaged NOESIS for future projects and are planning an ambitious expansion in the Gujarat hospitality sector, driven by the positive outlook.” He further said Gujarat’s dynamic market offers opportunities for growth in the hospitality industry. Iscon Group is committed to Gujarat, with plans for ambitious expansion, contributing to the region’s economic development and tourism.
The buyer of this prestigious hotel is an institutional entity backed by a Japanese fund, exemplifying the global interest in Gujarat’s burgeoning hospitality market.
Nandivardhan Jain, Founder & CEO of NOESIS, warmly congratulated the Iscon Group on the successful completion of this hotel asset transaction. He emphasized, “We extend our heartfelt congratulations to the Iscon Group and offer our best wishes to the new owners for a successful journey ahead. Notably, the past 12 months have seen a surge in positive investor sentiment toward hotel real estate, and this transaction further reinforces the burgeoning confidence in Gujarat’s hospitality sector. NOESIS has been at the forefront, instrumental in facilitating some of the largest domestic and foreign direct investments in India’s hospitality space, spanning key cities across the nation, both at the asset and enterprise levels. Our commitment to setting industry benchmarks remains resolute.”
This transaction marks a significant milestone for NOESIS Capital Advisors, reaffirming their unwavering commitment to facilitating strategic Hotel real estate transactions in the ever-evolving and flourishing hospitality sector.