City Profile Hotels Ahmedabad V2
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5e Consulting City Profile Hotels Ahmedabad (Feasibility Study, Demand Study, etc).
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- 1. CityProfile City Profile Ahmedabad Withbestcomplimentsfrom
With best compliments from Varishta ConsultantsPvt.Ltd.
5eConsulting. Hyderabad|Mumbai|Delhi|Ahmedabad|Kolkata
- 2. HO&RegisteredOffice Hyderabad Contact Mr.Raghuram
AVG,102A,SriDattasai CommercialComplex,Opp.Saptagiri
Theatre,RTCXRoads,Hyd 500020 Landline +910427627607:Mobile
+919701010000 Email:varishtaconsultants@gmail.com,raghu@varishta.in
Mumbai Delhi Kolkata Ahmedabad 12/3MonoharPukurRoad3 rd Floor
6Mangal ,3AVishrut Bunglows , B29/113SundarNagar 10B,Jangpura
NearUttamMancha OppositeASchool NearGanesh Temple MathuraRoad
Kolkatta 700026 Subhash chowk ,Memnagar Sundernagar ,Santacruz East
NewDelhi 110014 Mumbai400098 Ahmedabad380052 Ah d b d 380052
Contact Mr.SourabhAgarwal Contact Mr.RajivJha Contact Mr.Haresh
Desai Contact Mr.AshutoshNigam Landline +917940055790 Landline
Landline Mobile +919831022820 Mobile +919662124866 Mobile
+919930868608 Mobile +919971544299 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 AssociatedCompanies
p 5eConsulting WiseFinancial OneIMPEX, SolutionPvt.Ltd. Solution
Pvt Ltd Hyderabad Hyderabad
- 3. Introduction Parameter Description Population(2001census)
4.69million Population(2010projected) P l i (2010 j d) 5.80million
5 80 illi Area 1300sq.km
AhmedabadMunicipalCorporation(AMC)forthecorecityandsomeoftheregions
AdministrativeStatus
surroundingthecityareadministeredbytheAhmedabadUrbanDevelopment
Authority(AUDA).
Threemainseasons:summer,monsoonandwinter.Asidefromthemonsoonseason,
Climate theclimateisdry.Averagesummermaximumandminimumis33 C(80 F)
23 C (73 F) CityFunctions
Textileindustries,pharmaceuticalIndustries,Trading,Education,Logistics
DistanceofAirportfromCBD 13kmfromAshramroad(corecity) Commercial
RealEstateOutlook Residential Retail
SEZ,PoliticalStability,ProposedInfrastructureProjects,lowconstructioncost,
FactorsGoverningRealEstate Factors Governing Real Estate
proposedindustries
Sanand,Bopal,Shela,Ghuma,Shilaj,SPringroad,SGhighway,Ahmedabad
UpcomingSuburbs Gandhinagarhighway,Prahladnagar 1.8forResidentialR1
1.2forResidentialR2 PermissibleFSI 0.3forResidentialR3
1.8forCommercial 2.25forStarHotelson18mwideandaboveroad
- 4. GeographicalFeatures 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
distributionofemploymentinAhmedabad
WorkparticipationratioofdifferentcitiesinwesternIndia 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:CityMonitor2002 Categories % S. No.
UrbanCWEoccupation&HWoccupationforAhmedabad 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:TheMarketingWhiteBook,200304 Total 100.0
- 7. Economy&Development
SardarPatelRingRoadandproposedGIFTcity
BusRapidTransportSystem(BRTS) AhmedabadGandhinagarMetro GIFT Sardar
city Patelring Patel ring road DelhiMumbaiIndustrialCorridor
SabarmatiRiverfrontproject
- 8. CBD&CommercialAreas 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 OLDCITY 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. ResidentialRealestate 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 OLDCITY
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. RetailRealestate 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&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
- 12. Overviewofhospitalitysector 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. Inventoryofexistinghotels Fivestarhotels Sr.No. Name&
No.ofRooms Occupancyin Tariff(INRperroomnight) %(Oct'08) %(O t'08)
1 Taj ResidencyUmmed 91 55% 780016000 2 LeMaridien 63 60% 800013500
3 ThePrideHotel The Pride Hotel 120 50% 700012000 7000 12000 4
Mariott parkland 160 NA 750010000 5 Inder Residency 79 60% 50007800
Total 513 56% Fourstarhotels Sr.No. Name& No.ofRooms
Occupancy(oct'09) Tariff Address 1 Cama Park Plaza ParkPlaza 50 65%
53009000 5300 9000 2 ComfortInnSunset 33 58% 40006000 3 St.Laurn 75
NA NA 4 HotelGinger Hotel Ginger 75 NA 2599 5 HotelCountryinn 75 NA
NA Total 308 62%
- 14. Inventoryofexistinghotels Three star hotels Sr.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 TheGrandBhagwati The Grand Bhagwati 36 75% 3800 7000
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
- 15. DemandSupplyGap 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
Averagedurationofstay@1.5days 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
Cumulativestock(roomnights) Cumulative stock (room nights) 2785
3523 4198 5173 Gap(noofrooms) 1650 1444 1365 1057 Demand assessment
assuming CAGR of 9% in tourist arrival Gap(noofrooms) 1526 1176 924
410 Demand assessment assuming CAGR of 6% in tourist arrival
Gap(no.ofrooms) 1402 915 507 189
- 16. Proposedhotelsaspermarket intelligence Sr.No Name Location
Promoter Hotelbrand No.of Category rooms proposed 1 ITCnarmada
Keshvbaug, Welcomegroup ITChotels 100 5star vastrapur,Ring road 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 Savvy
Crownhotels 100 5star Highway infrastructure 9 Proposedhotel
Prahladnagar Parshvanathgroup NA 100 5star 10 Proposedhotel
SGHighway Rajtravelsgroup NA 300 5star 11 Proposedhotel Proposed
hotel SGHighway S G Highway Phoenixgroup Phoenix group Zurihotels
Zuri hotels 100 4star 4 star 12 Proposedhotel Paldi Panoramic NA 36
4star universalsLtd 13 Proposedhotel CGRoad Intercontinental NA 75
4star hotels 1467
- 17. FutureOutlook ARR in Ahmedabad is average INR 5000
Occupancy levels are 65% to 80% in range .Which
ARRinAhmedabadisaverageINR5000.Occupancylevelsare65%to80%inrange
Which isincreasingeveryyear.
Hospitalitymarketislikelytowitnessahugeupswingduetocommercialandindustrial
proposalsaroundthecity.Allhotelsinthecityaredoingwellandexpectingmoreoccupancy
proposals around the city All hotels in the city are doing well and
expecting more occupancy incomingyears.
Demandwillincreaseascommercialspacesareaddinginthecitystock.
ActiveGovernmentpolicies,UrbanInfrastructure,lowpricesoflandandrealestate,
availabilityofland,Positivesupportfromtourismdepartmentandgrowthofthecityarekey
factorstodevelopahotelconsideringoptimumproductmix.
- 18. Assuringyouofthebestservices Assuring you of the best
services Thankingyou Thanking you Helping execute your projects
elping xecuteyour