For Sale: 9-year old hostels & lodging company operating 2 locations 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.