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Businesses For Sale   >>   Thailand Businesses For Sale

Resort & Golf Club

Location  Thailand
Asking Price Range  > $35.0M
Gross Revenues  $5000000
Net Profit / Cash Flow  $1500000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1990
Number of Employees  50 - 99
Relocatable  No
Number of Employees  50 - 99
Real Estate  Owned

Description  
This premium property is located 20 kilometers from the Chiang Mai airport and consists of 600 rai of land that contains an 18-hole golf course and a 78-room, four-star hotel in a six-story building. The room sizes range from a superior room at 36 sqm to two-bedroom suites that are 96-120 sqm. There are also two log homes at 100 and 200 sqm. There are approximately 250 rai of undeveloped land which would be suitable for any type of housing or condominium development. The owner originally envisioned a retirement or long-stay facility here and these plans or similar ones could easily be realized. The hotel building contains a 120-seat restaurant and two lounges with one on the sixth floor featuring beautiful panoramic views. There is also a pool and poolside bar and a banquet hall and ballroom along with six meeting rooms making this facility a great place for all types of meetings and seminars. The property is in a scenic valley with lush greenery and is nicely landscaped. The main reason for the owner's desire to sell is his age (72). The asking price for this property is 1.5 billion baht (approximately $37.5 million). Contact for more information on this Resort & Golf Club business for sale. (Ref:TH136/05)


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