Colliers India has effectively managed the sale of a boutique hotel in Bangalore, representing a noteworthy transaction for a prominent hospitality group. Covering 150,000 square feet, this sale was orchestrated through seamless collaboration involving Colliers, the Asset Reconstruction Company (ARC), Trustee, bank, buyer, and seller, navigating complexities and ensuring a smooth transaction.
This strategic exit and acquisition demonstrated Colliers India's business acumen, providing a liquidation route for promoters while facilitating the buyers' establishment in Bangalore's dynamic metropolitan area. The venture into the hospitality sector by Colliers India's Capital Markets & Investment Services business aligns with the robust growth in the Indian hospitality industry, rebounding strongly post-pandemic.
Piyush Gupta, Managing Director of Capital Markets & Investment Services at Colliers India, acknowledged the deal's complexity involving various entities and praised the team for successfully navigating to closure. He highlighted the increasing trend of investments in alternative sectors, constituting 51% of total investments in Q4 of 2023, reflecting a shift in the capital investment landscape.
The key players in this transaction included Hansoge Enterprises as the seller, with JC Flowers serving as the involved ARC. Colliers played a pivotal role as the sole advisor in this major transaction, underscoring their significance in Bangalore's hospitality market.