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Businesses For Sale   >>   Thailand Businesses For Sale

Hotel For Sale

Location  Thailand
Asking Price Range  $10.0M - $20.0M
Gross Revenues  $500000
Net Profit / Cash Flow  $250000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2001
Number of Employees  35 - 49
Relocatable  No
Number of Employees  35 - 49
Real Estate  Owned

Description  
Currently going through an expansion, this 70-room hotel will soon be 155 rooms with an additional 80 rooms already planned with foundations set making a total of 235 3-4 star 42 square meter rooms. This property is located about 400 meters in from Patong Beach, the prime beach in Phuket and is a total of 1.5 acres with the land valued at US$3.75 million. There is a huge pool and a big restaurant as well as retail space that produces US$120,000 a year in income. The current expansion will be finished in about two months (June 15) and the third phase of 80 rooms could be completed afterward. The hotel has been operating for three years already and has had an average occupancy rate of approximately 60% year round with an average room rate of US$45 per night. During this time, however, there was no swimming pool which kept the rates lower than average. A rate of US$65-75 is expected after the expansion. The asking price for this property is US$13 million. Call Tom at 01-832-9921 (Ref: TH056/05).


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