Serviced Apartment Investment Opportunity in Pune, India

- 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.

Service apartment with 24 apartments with plans to upgrade amenities, and restructure the whole concept with spa, swimming pool, bar, and restaurant.

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.

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.