Serviced Apartment Investment Opportunity in Chennai, India

- Operate a chain of high-end paying guest accommodation facilities in Chennai.

- At present, we only operate facilities for working women and female students.

- Our facilities are close to the IT corridor and nearly 95% of our clients are working women.

- We currently operate 430 beds spread across 6 facilities.

- The facilities are fully air-conditioned and has several amenities including food, power backup, housekeeping, Wi-Fi, gyms and laundry service.

- All facilities have 24 / 7 physical security and are equipped with several CCTVs. We also offer pick up and drop facilities to the main road to ensure the safety of our tenants.

- We are able to successfully command a 10-15% premium over other similar paying guest facilities and still maintain an occupancy rate of 95%

- The facilities operate under a trademarked proprietary brand.

- The physical assets owned by the business include furniture, interiors, home electrical appliances, kitchen equipment, and other operating assets.

- Promoter intends to eventually exit the business to focus on other activities and is also open to a full sale.

Accommodation facilities with amenities including food (both veg and non-veg), maintenance and housekeeping.

6 facilities spread across more than 30,000sq. ft. All the facilities are multi-storied and fully air-conditioned. At present, 4 of the facilities are leased and 2 of them are owned by the promoter himself. Post-investment, all 6 facilities will be leased with the monthly lease rent not exceeding INR 12 lakh.