Newly Established Serviced Apartment Investment Opportunity in Delhi, India

Hostel chain business venturing into providing standard to high premium alternate accommodation options in India.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Nil
Industries
Locations
Local Time
9:26 PM India
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 330 thousand for 25.0% stake (Native Currency: INR 25,000,000)
Reason: Expand the business into more cities in and outside India and to meet working capital requirements d... View More
Includes physical assets worth USD 27 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- We desire to construct cottages, tree houses, or eco-resorts in India.

- Market survey proves that more than 58% of travelers choose alternate accommodation instead of hotels as of last year.

- Successfully running two backpackers hostel in Delhi and Udaipur right now. Delhi hostel accommodates up to 28 people and Udaipur hostel accommodates up to 42 people.

- We have hosted more than 2,000+ guests last year.

- Our properties are listed on travel websites and we have an 8.8/10 rating on Booking. com and 4.5/5 rating in TripAdvisor.

- We were maintaining an average occupancy rate of around 70% before the lockdown. Due to restrictions, our occupancy rate dropped to 25% in March-June. We temporarily stopped operations due to lockdown and have just resumed operations.

- Four more properties are currently underway and we will start operations in 2 months. We have options for constructing properties in Himachal Pradesh and Uttarakhand. Furthermore, the promoters are planning to onboard at least 50 more properties around India, Thailand, and Vietnam by the next fiscal year.

Products & Services Overview

Travel chain targeting the alternate accommodation market i. e. homestays, vacation rental apartments, treehouses, luxury camps, caravans, beach huts, and houseboats.

Assets Overview
Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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