19/06/2020
HOTEL BUSINESS FOR SALE: 2,950,000 TBH.
Near BEACH front, 24 Rooms 3-Star Boutique Hotel Business for Sale in Patong Beach, PHUKET.
Modern all newly renovated rooms + great reviews.
Huge lobby and kitchen, can be a restaurant
Great location - 1 Minute Walk to the Beach - 5 Minutes to Bangla Walking Street.
Listed on Agoda, Booking, Expedia, Trip, Kayak, Hotels, Airbnb + more.
Occupancy Rate 2018 - 2019 is 93% from November - April and 70% from May - October
Very high Profit in millions TBH for 2019.
Current Covid Adjusted Rent; 50,000 TBH Per Month until Sept 1
Terms of contract:
Normal Contract Rent, 242,000 TBH (can be adjusted based on covid situation)
Asking Price: 2,995,000 TBH (about $100,000 USD )
Contract left 6 years.1 Million TBH to be paid to Landlord in October 2022.
Available for immediate takeover. Thai Company included + 2 Work Permits. Full staff 3 reception and 3 housekeepers.