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Serviced Apartment Investment Opportunity in Pune, India

Company plans to upgrade a 24 room apartment property to a 40 room hotel.
This Business is on a 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 12:55 AM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
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
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.

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
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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