Every building,
the operation that fits.
We explain, with the numbers, how a vacant or underused building could best be operated.
You keep ownership. ONCHAE runs the operation.
OEP × ONCHAE — Operations: StayOne Holdings Co., Ltd. (ONCHAE) · Financing & structuring partner: Oculus Equity Partners Co., Ltd. (agreed case by case, as a separate engagement and fee)
Permit and financing outcomes are subject to review and are not guaranteed.
① Initial consultation
- You send
- Address · building overview · current leases
- You receive
- Initial review memo — permit pathway, room plan (draft), rough financials
- Reply
- Within [ ] business days of receiving documents · Contact [ ]
② Site review · fee KRW [ ]
- You send
- Drawings · building register · lease status
- You receive
- Site review report · project financials (assumptions disclosed) · scope of works (draft)
- Reply
- Within [ ] business days of the site visit · Contact [ ]
③ Management proposal
- You send
- Preferred terms · timeline
- You receive
- Scope of services · fee structure · settlement example · regular report format · contract timeline
- Reply
- Within [ ] business days of the site review · Contact [ ]
Scope of services
A clear table of what the operator, owner and outside vendors each do.
Open assumptions
We show our occupancy, rate and cost assumptions.
Settlement example
Revenue in → costs → our fee → owner payout, step by step.
Named contacts
You know who handles consultation, site work and operations.
Fee structure
We agree on one of two structures depending on your goals for the asset. Rates are agreed per asset.
| Operating performance | Base fee (linked to net revenue) + performance fee (linked to GOP) |
|---|---|
| Sale performance | Operating staff costs at actual cost + fee linked to sale price |
How it works
Initial consultation
We review basic building information and send a memo on feasibility and direction.
Site review
We check the site and drawings and share project financials with all assumptions disclosed, plus a draft scope of works.
Proposal & contract
We agree the contract based on a proposal covering scope, fees and settlement.
8 assets in Sinchon · 186 rooms · Development and operation from 2021 · Yield = operating profit ÷ asset value (company-provided); post-operation yield includes ancillary revenue
Simple average 2.84% → 8.11% · Median 2.53% → 6.14% · Excluding the single highest-yield asset (Sinchon 13): 2.60% → 5.72% · Renovation cost [ ]