Serviced Apartments Development – 15 Year Financial Model (Excel XLSX)

BENEFITS OF THIS EXCEL DOCUMENT

1. Provides an investor-ready, robust financial framework to assess project viability and guide strategic decision-making.

REAL ESTATE EXCEL DESCRIPTION

This product (Serviced Apartments Development – 15 Year Financial Model) is an Excel template (XLSX), which you can download immediately upon purchase.

A serviced apartments building is a professionally managed residential property that offers fully furnished apartments with hotel-like amenities and flexible stay options, typically ranging from a few nights to several months. Guests receive conveniences such as housekeeping, utilities, Wi-Fi, front-desk or concierge support, and access to shared facilities like gyms, lounges, or meeting spaces, while enjoying the privacy and space of a self-contained unit with a kitchen. Serviced apartments are popular with corporate travelers, relocating families, and long-stay guests seeking a comfortable "home-away-from-home" experience.

This dynamic, investor-ready Serviced Apartments development financial model forecasts the full lifecycle of the investment—from construction and lease-up through stabilized operations—by linking unit mix, occupancy ramp, average daily rate (ADR), and length of stay to revenue from accommodation and ancillary services. The model supports long-term forecasting, feasibility analysis, and investment planning, with flexible inputs for development costs, unit types, occupancy rates, lenght of stay, ADR, operating expenses, and financing structure. It provides a robust financial framework to assess project viability and guide strategic decision-making.

The structure of the template follows Financial Modeling Best Practices principles and is fully customizable.

Model Structure

* Setup Assumptions
This section is used to input all the assumptions for the project.
It includes assumptions for Project Timing, Units Assumptions (unit types and sizes, occupancy rates), Revenue Assumptions (Lenght of stay, ADR and Ancillary Revenue), Operating Expenses, Capital Expenditures, Uses & Sources of Cash, and Project Financing

* Development Budget & Development Chart
This section includes all assumptions for the property development.
It includes Land Costs, Hard Costs , Soft Costs, Development Contigencies and Development timing. A dynamic chart presents the development cash flow.

* Loan Schedule
Loan amortization Schedule of project's debt including an optional moratorium and interest-only (IO) period.  

* Project Cash Flows and Return Metrics
Presentation of Project's Cash Flow and Returns including the below reports:
– Monthly and Quarterly Project Cash Flow per Year
– Annual Project Cash Flow
– Financing and Tax Supporting Schedules
– Key Performance Indicators
– Unlevered & Levered Project Return Metrics (IRR, MOIC, Payback, NPV)
– Project Dashboard including performance metrics and charts

* Investors Distribution Waterfall
A 3-tier IRR hurdle waterfall model to distribute proceeds between investors. The report provides inputs for up to 4 different LPs with different equity contribution percentages and up to 4 different GPs with different equity contributions and equity share percentages. The first tier distributes cash flow to the partners until the LPs has achieved some defined preferred return and received a full return of capital. Assuming the preferred return hurdle is hit in tier one, cash flow is distributed in tiers two and three based on a defined promote structure and hurdle rates as outlined by the user.

* Project Executive Summary
Professional Executive Summary report containing all of the high-level relevant information for review and is designed to be easy to read, print, and save to pdf. The report includes Project General Info, Timing, Sources, and Uses of Cash, Operations Summary and Key Metrics, Project and Investor return metrics.

Instructions on the use of the model are included in the Excel file.

Help & Support

Committed to high quality and customer satisfaction, all our templates follow best practice financial modeling principles and are thoughtfully and carefully designed, keeping the user's needs and comfort in mind.
No matter if you have no experience or you are well versed in finance, accounting, and the use of Microsoft Excel, our professional financial models are the right tools to boost your business operations!
If you however experience any difficulty while using this template and you are not able to find the appropriate guidance in the provided instructions, please feel free to contact us for assistance.
If you need a template customized for your business requirements, please e-mail us and provide a brief explanation of your specific needs.

Source: Best Practices in Real Estate, Integrated Financial Model Excel: Serviced Apartments Development – 15 Year Financial Model Excel (XLSX) Spreadsheet, Profit Vision