Corporate Serviced Apartments Company

Bid Deadline:

Friday 3rd September 2021 at 12pm BST

Hilco Valuation Services (“Hilco”) is pleased to be instructed to seek offers to acquire the business and assets of “Project Saturn” (the “Company”). The salient details on the business are as follows:

• Providing own serviced apartments and apartments via a network of partner operators
• Supplying accommodation to corporate clients primarily in the UK, Europe and Latin America
• Operating 40 serviced apartment units in the UK
• Large established customer base
• Long serving experienced management team
• 2019 turnover c. £19m
• 2020 turnover c. £11m

Business Assets

• The benefit of the existing trade including reservation and agency income, customer database and affiliations, and the Company’s network of operator contacts.
• The leasehold apartment premises and the Company’s offices (if required).
• The furniture and fixtures and fittings within the apartments and offices as owned by the Company.
• The valuable goodwill attaching to the business