Business Summary
A 30 room Hotel centrally located in Patong is available for immediate lease. The property has lobby, air-conditioned rooms, flat-screen TVs, 24-hour front desk, lift, safety deposit box, CCTV, a fridge, etc. Hotel has a bar which can be turned into restaurant. It is located 5 minutes ride to beach (15minutes walk) and 1 minute (7 minute walk) to jungceylon. The lease is for 9 years with and now the first year is in operation. Monthly rent is 160,000 THB which is very low. Key money is 3.9 Million THB and plus 1 Million for security deposit. The security deposit is refundable.
The expected returns from Nov 1 to March 31 is between 5 to 6 million. This hotel has a good layout, spacious guest area, coffee/bar and kitchen. There are 3 room rates to choose from to allow more income earning potential. The location is in a clean area hard to find in Patong. The hotel is only 2 years old and the equipment is very new so no hidden costs after takeover.
Property Details
Other Business Details
Business Location:
Next to third road on Patong
Expansion Potential:
If some investment is made in restaurant, there will be additional income potential for revenue generation
Business Operation Details
Support & Training:
Need discussion. Staff are already trained.
Miscellaneous Details
Reason For Selling:
Business priorities are changed.
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