Serviced Apartments for Sale and Investment in Chennai

Business operates as a hotel and paying guest service provider with an average of 150 bookings every month. - The average days of stay for hotel guests ranges from 3-5 days whereas for PG guests, it ranges from 2 months- 2 years. - Have tied up with a cloud kitchen to provide food services. - Revenue generated from the hotel and PG Services is 40% and 60% respectively. - The business operates in two buildings, each with four floors. Two floors in each building are dedicated to hotel services, while the remaining two floors are designated for paying guest services. - Business holds lease agreement and GST certificate.

Company is looking for funds to construct a 4-star serviced apartment on its own land in Ambattur and a chain of restaurants across Chennai. We are seeking INR 35 crore for serviced apartments and rest INR 15 crore for the chain of restaurants. Serviced apartment: Company plans to construct a 4-star serviced apartment in Ambattur with 42 rooms, one bar and one restaurant. The land of approx 16,000 sq ft is owned by the company and it's currently vacant. We have acquired the construction license from CMDA and have already designed the architectural structure. We will outsource the construction process and are currently in talks with a few big builders. After raising funds, we will start the construction. Restaurant chain: Company currently runs one restaurant with 130 seats and is in the process to start the 2nd and 3rd restaurants soon. The 1st restaurant's facility is leased and the 2nd & 3rd restaurant's facility will also be on lease. We plan to set up a chain of restaurants across Chennai and with our current investment requirement, we plan to start 7-8 restaurants. Each restaurant will have 60-100 seats and the facility will be taken on lease. The revenue and employees mentioned on the profile are only from our one running restaurant. Business owned assets include land for serviced apartment and furniture & fixtures at our 1st restaurant.