Posted in: Buy & Sell > Other in Pattaya | Posted: |
This 6 floor high 3 star hotel with large high class lobby is located in the center of the city, close to all of the night-time entertainment venues and only a short walk to Pattaya Beach and the sea. It is a high class hotel with Scenic background, high quality service and has in fact 22 beautiful rooms plus 1 large 100 sqm apartment. All comes in great comfort and prices range from 700-1500 baht per night. There are different room types: Deluxe (44 sqm), Superior (32 sqm), Class-Room (26 sqm) and Standard (20 sqm). On floor 6 is a large apartment with 100 sqm living space for manager or for clients who want to rent a large unit. The room facilities are Cable television, Mini bar & Fridge, Private DVD player, Individual controlling air conditioner, Safety deposit box, Lift, Wi-Fi, options for the new owner to add breakfast and catering service because the lobby has over 130 sqm space and it has a private car park. The hotel has a professional kitchen. The building and business has all licenses from city hall for the conformity of existing construction but also for possible extensions. The approximately 1080m2 is developed and in very good state. Hotel License is provided as well as licenses to sell drinks and food. The hotel, running for already 8 years, 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 highly rated in Trip Advisor. The financial situation from this hotel is very positive and now has 10 % return on investment for business hotel + 10% / year capital gain for building in central Pattaya. Staff payroll is 60,000 baht a month. The expenses are 150,000.00 to 160,000.00 THB per month for hall fixed charges include wages and taxes. Profits are high and financials can be seen to genuine buyers after inspection. This Hotel have very good profit every month, with a fill percentage to the year of over 80%..That generated by more than 10% of investment income net of profit for owner. After deduction of all expenses and the monthly rent…..it it’s possible to double its profits by transforming the very large lobby to retrieve a surface of more than 100 m2 to make a great bar with girls or a go-go bar.The present owner only wants to sell to retire. The building is offered on a Thai Ltd name so very low in transfer costs and easy to take over. The original price was 68,500,000.00 THB price all in TEMPORARY OFFERED AT 42,000,000.00 THB !!! Contact us to meet the owner. Contact us via email to meet the owner directly.