Resort For Sale
Location Thailand
Asking Price Range $10.0M - $20.0M
Gross Revenues $1000000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1994
Number of Employees 100 - 200
Relocatable No
Number of Employees 100 - 200
Real Estate Owned
Description This property contains a hotel and 18-hole golf course as well as 250 rai of undeveloped land. Located on the Kwai Noi River north of Kanchanaburi, this resort has been in operation for 10 years and combines a hot springs resort with a golf course on a total of 545 rai of land (165 acres). Built to five-star specifications with 150 32-square meter rooms each containing a hot spring Jacuzzi, this hotel also has two restaurants, two pools and many other amenities. Situated on two sides of the river -- the hotel and undeveloped land on one side and the golf course on the other side -- this property has tremendous future potential with over 80 acres of land still to be developed. With a good year round occupancy of 70% and room rates starting at $45 per night, the hotel is making a profit but the real story of this property is the future, with house or condominium development on the undeveloped land only two of the options possible here. With a very reasonable selling price of 520 million Thai baht (approximately $13 million) this is a golden opportunity. (Ref: TH116/05). Contact for more information on this Resort business for sale.
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