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Our key parameters for location fitment is (1)A thriving Commercial Business District, Upcoming Micro Market, 4-5 km distance to IT Hubs etc. (2) Land/Building can be two/three lanes behind the main street with a 5-10 min walkable distance. (3) Minimum Road width of 40 feet, and the neighbourhood should be serene, peaceful and upmarket.
(1) Minimum plot size should be 1000 sq. yds. abetting a road width of 40 ft. (2) Plausible Super Built-up area of 25,000+ sq.ft. with basement, stilt and 5 upper floors (3) Possibility of configuring 40+ rooms of different room formats.
The Landlord should have obtained the OC for the said property where a Serviced Apart business can be carried out. All plausible Fire and Safety Norms should be provisioned for commercial use.
(1) Green Field [1000+ sq.yds.]: The landlord should be willing for a build-to-suit property as per the required design standards. (2) Green Field [1000+ sq.yds.] Joint Development: The construction can be done as per the proposed joint development terms. (3) Brownfield Property [Super Structure with 25000+ sq.ft. with Basement + Stilt + 5 Upper Floors]: Should be configurable to customise room formats along with required fire and safety norms. The landlord should be willing to complete as per the required design standards. (4) Conversion: Conversion of existing Hotel/similar property as per the required design standards.
Our primary operating model is through a Fixed Lease Contract, but we are also open to a Management Model where we would operate the Hotel on behalf of the Landlord through a contractual agreement.