Serviced Apartment for Sale in Singapore

- Renowned Singapore based hostels and lodging chain brand.

- Brand is almost 10 years old with a lot of goodwill in the industry.

- The hostel is located in a prime locations in the heart of the tourist area. (close to major MRT station).

- Property has been recently renovated.

- 63 beds.

- Option to acquire rights and start a third hostel with 60 beds.

- Room for future expansion and growth.

- Served guests from more than 165 countries till date.

- Great guest rating score and an occupancy rate of 85-90%.

- One of the top-performing sellers on all major OTAs.

- Business is fully licensed (URA, SCDF, HLB) and not subjected to TDL (Temporary Development Levy)

- Sales have dropped due to fewer bookings as a result of the pandemic.

- Business is clear of debts and we will offer complete support during the transition period.

Fully furnished accommodation to individual guests, groups, tourists with convenience/minimart, tours and excursions.

Brand name, fixed assets (furniture, fixture, beds, electronic equipment), customer list, goodwill, website, current staff, social media accounts.

Leased facilities on prime location close to public transport hubs and touristic spots. Long lease agreements (renewable).