Serviced Apartment Investment Opportunity in Pune, India
Company plans to upgrade a 24 room apartment property to a 40 room hotel.
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Hotels + 1 more |
| Locations | Pune |
| Local Time | 11:53 PM America / Chicago |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
225 thousand
for
15.0%
stake
(Native Currency: USD 225,000)
Reason: Funds are required for upgradation of the property to a 40 room hotel with bar and restaurant.
Includes physical assets worth
USD
1.5 million
Interested to connect with advisors
Documents
Domain-Verification.pdf
(213.0 KB)
Incorporation Certificate
(41.1 KB)
Business Overview
- We are a serviced apartment based in an elite area in Pune.
- We plan to upgrade from 24 rooms/apartments to a 40-room commercial hotel.
- Currently, the rooms are not occupied and earlier the building was leased to a hotel chain until the pandemic started. For the last 2 years, we have not been operational and have not reported any revenue.
- Now we plan to extend, remodel, and renovate the rooms along with a rooftop restaurant space, lobby restaurant, and a bar.
- Business does not have any liabilities and is run by a sole owner.
- Currently, the owner is based in the US and the business is registered in the US but the property is located in Pune.
- After the investment is received with mutual discussion with the investor a new company will be formed in India. The management of day to day operations will also be discussed with them.
- We plan to upgrade from 24 rooms/apartments to a 40-room commercial hotel.
- Currently, the rooms are not occupied and earlier the building was leased to a hotel chain until the pandemic started. For the last 2 years, we have not been operational and have not reported any revenue.
- Now we plan to extend, remodel, and renovate the rooms along with a rooftop restaurant space, lobby restaurant, and a bar.
- Business does not have any liabilities and is run by a sole owner.
- Currently, the owner is based in the US and the business is registered in the US but the property is located in Pune.
- After the investment is received with mutual discussion with the investor a new company will be formed in India. The management of day to day operations will also be discussed with them.
Products & Services Overview
Service apartment with 24 apartments with plans to upgrade amenities, and restructure the whole concept with spa, swimming pool, bar, and restaurant.
Assets Overview
The property of 21,800 sq. ft. area is owned by the managing director. After discussion with the investor this will be transferred to the new company which will be formed in India.
Facilities Overview
21,800 sq. ft. built-up area on 4 floors with parking and terrace space. The land and the structure is owned by the promoter personally.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysAssociate, Financial Services, Pune, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Consulting, Education, Reale State , Health Care, Pune, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Healthcare Insurance & Risk Management, Pune, Corporate Investor / Buyer connected with the Business
Tags:
Self-Catering Accommodation Investment Opportunity in Pune, India
·Serviced Accommodation Investment Opportunity in Pune, India
·Serviced Apartment Investment Opportunity in Pune, India
·Student Hostel Investment Opportunity in Pune, India
·Invest in Self-Catering Accommodation in Pune, India
·3 Star Hotel Investment Opportunity in Pune, India
·4 Star Hotel Investment Opportunity in Pune, India
·5 Star Hotel Investment Opportunity in Pune, India
·Self-Catering Accommodation Investment Opportunity
·Invest in Serviced Accommodation in Pune, India
·Serviced Accommodation Investment Opportunity
·Hostel Investment Opportunity in Pune, India
·Hotel Investment Opportunity in Pune, India
·Motel Investment Opportunity in Pune, India
·Lodge Investment Opportunity in Pune, India
·Invest in Serviced Apartment in Pune, India
·Serviced Apartment Investment Opportunity
·PG Investment Opportunity in Pune, India
·Invest in Student Hostel in Pune, India
·Student Hostel Investment Opportunity
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