Serviced Apartment for Sale in Chennai, India
Full sale: Two strategically designed hotels with 75 suites within the same area.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 267 thousand |
| Run Rate Sales | USD 333 thousand |
| EBITDA Margin | 40 % |
| Industries | Hotels + 1 more |
| Locations | Chennai |
| Local Time | 10:52 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
3.9 million
(Native Currency: INR 350,000,000)
Reason: The shareholders want to exit India.
Includes physical assets worth
USD
3.33 million
Interested to connect with advisors
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Business Name
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User Verification
Documents
Property in Perungudi /Thoraipakkam
(63.7 KB)
Rooms for the Sholinganallur property
(45.2 KB)
ROC-Verification.pdf
(74.4 KB)
Business Overview
- A very successful venture with a good reputation for quality.
- The business is generating good revenue since the day it is operational.
- Large range of clients across IT, manufacturing, service industries managed and run by a professional management company with a high level of occupancy and guest satisfaction.
- 75 room apartment-hotel strategically located on OMR Chennai with an 80% occupancy rate.
- The detailed version of the property will be shared with the interested investors/buyers.
- The Covid had a bad impact on the business.
- The business is generating good revenue since the day it is operational.
- Large range of clients across IT, manufacturing, service industries managed and run by a professional management company with a high level of occupancy and guest satisfaction.
- 75 room apartment-hotel strategically located on OMR Chennai with an 80% occupancy rate.
- The detailed version of the property will be shared with the interested investors/buyers.
- The Covid had a bad impact on the business.
Products & Services Overview
Serviced apartments and hotel 75 suites and rooms located on the OMR Chennai.
Assets Overview
The complete ownership of 32,500 square feet of company-owned hotels and is fully furnished.
Facilities Overview
- First property is with a 15,500 square feet built-up area located amongst the top RMZ in Perungudi.- Second property is with 17,500 square feet located behind TCS OMR with running contracts with Hexaware, TCS and many more leading corporates.
- Fully furnished and well managed.
Capitalization Overview
Number of share holders -2 directors and bank loan details will be furnished with interested buyers. This detail is provided in the financials.
Recent Activity
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Earlier than 15 daysIndependent Advisor, Chennai, Financial Consultant connected with the Business
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Earlier than 15 daysManaging Partner, Investment Banking, Project Funding, Equity Management, Thane, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Gas Station, Toronto, Individual Investor / Buyer connected with the Business
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