Newly Established Serviced Apartment Seeking Loan in Georgetown, Guyana

- Business Type: The company operates in the serviced apartments industry, specializing in providing affordable accommodation options in shared and private rooms.
- Location: Strategically situated in the heart of Georgetown, the business operates from three properties, offering an ideal location for both locals and travellers seeking convenience and comfort.
- Capacity: The business has a total of 33 bed spaces, offering both shared and furnished private rooms to meet diverse customer needs.
- Customer Base: The serviced apartments have hosted a wide range of guests from across the globe, including countries like Cuba, Africa, Trinidad, the U. S. , India, Venezuela, Jamaica, and Guyana.
- Occupancy Rate: Currently achieving a remarkable 95% occupancy rate, highlighting strong demand and effective marketing in the competitive travel and hospitality sector.
- Repeat Customers: A significant portion of monthly clientele consists of repeat customers, indicating high satisfaction and loyalty towards the services provided.
- Revenue Model: Income is generated through nightly and monthly rentals of beds and rooms in a vibrant and welcoming hostel environment.
- We employ part-time staff who assist with business operations and contribute to revenue generation.
- Last year’s annual revenue is not provided, as the business has not yet completed a full year of operations.