0903 Premium 22-Room Hotel with Large Apartment in Central Pattaya (Leasehold)

 

Premium 22-Room Hotel with Large Apartment in Central Pattaya (Leasehold)

Listing No. 66-0903

 

• Business:  3 Star Hotel
• Location:  Pattaya, Thailand.  Location is very central and close to all of the night-time entertainment venues, and only a short walk to Pattaya Beach
• Building:  6 floors with entry from the ground level.  Features a lift and all building licenses current
• Size:  approximately 1080m2 developed
• Features:  100m2 Lobby with reception counter and professional kitchen.  22 Rooms over 6 floors, with a large owner’s apartment (approximately 100m2).  Rooms feature TV, air-conditioning, en-suite bathrooms with hot and cold water, mini-safes, fridges with mini-bar, etc. 

The design and build standards of this Hotel are to a very high standard which can only be fully appreciated when viewed.

Large Penthouse Suite which is immaculate and could be advertised as the main feature of this hotel.

Room sizes range from 20m2 to 44m2.  There is also an owner’s apartment of approximately 100m2.  The business is currently producing around 9 to 10% per annum ROI and the improved land is producing over 10% capital gain

      Ideal purchase with all the fixtures and fittings included within the price. With the potential toconvert the reception area to a large bar this would increase your margins significantly and fit in well with surrounding area.

• Tenure:  Leasehold 3 Years  (Renewable)
• Staff:  Payroll is 60,000 baht a month
• Licenses:  Hotel License provided as well as Alcohol and Food Licenses.
• Stock:  Stock remaining at time of settlement is included in the price
• Online:  The hotel has its own website, which may be transferred to the new owner.  It is also listed with the major online booking agents like Agoda, Hotels.com, Expedia, etc.  It is rated in Trip Advisor in the Specialty Lodgings in Pattaya category
• Rent:  230,000  Baht per month  
• Expenses:  150,000  baht a month for all fixed expenses including wages and taxes
• Business Operational:  Yes, been operational for 8 years
• Reason for Selling:  Owner would like to retire
• Financials:  May be made available to genuine buyers, only after inspection
• Asking Price:  18 Million Baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  N/A
• Key Money:  900,000 Baht every 3 Years (guaranteed with no increases).
• Sale Terms:  10% deposit (to secure the business and remove it for sale) and the balance within 30 days.  Ownership does not transfer until payment has been received in full
• More Information:  Further details will only be provided after inspection
• Inspections:  24 hours’ notice is required to inspect this business.  Inspection times are between 1000 and 1700 Monday to Friday and between 1000 and 1300 Saturday.
• Agents:  No Agent inquiries please

 

 

 

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