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Serviced Apartment for Sale in Chennai, India

For sale: Designer serviced apartments offering executive furnished accommodation to corporates / MNCs.
This transaction has concluded.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 50 - 100
Legal Entity General Partnership
Reported Sales USD 1 - 2 million
Run Rate Sales USD 1.6 million
EBITDA Margin 10 - 20 %
Industries Serviced Apartments
Locations  Chennai
Local Time 3:37 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.8 million (Native Currency: INR 150,000,000)
Reason: Exploring a new detox resorts venture - capital infusion for the new business.
Includes physical assets worth USD 270 thousand
Business Overview

- Managed by professionals from the hospitality industry with a proven track record.

- Strategically placed near IT hubs and clients’ locations.

- Average occupancy rate of over 70%

Products & Services Overview

Corporate Serviced Apartments suitable for extended / long stays, with comprehensive range of necessary amenities, innovative facilities and personalized services including cost-effective ‘single window’ accommodation solutions to business transients.

Facilities Overview

Presence in 13 locations across 5 cities in South India with almost 350 rooms.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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