Hotel for sale in Pattaya: Central Pattaya 22 rooms

Overview

ID: #CB11
Price: 57,000,000 ฿
Type: Commercial Building
Contract: Buy
Location: Pattaya

Hotel for sale in Pattaya: Six floor established three star hotel in central Pattaya.
Located close to all the night time venues as well as Walking Street. The hotel has a large lobby, reception area, lift and is beautifully designed throughout. In all there are 22 rooms ranging from 20sqm to 44sqm as well as a 100sqm apartment. All the licenses for construction, food and drink are in place.
For the last 8 years the hotel has delivered a very good annual profit with a 10% return on investment for the hotel business as well as a 10% capital gain for the building. Further profit could be made by the addition of breakfast, catering and a bar.

Location: Central Pattaya
Plot size: 45 Tarangwa
Building size: 6 FL, Approx 1080 sqm.
Rooms: 22-Rooms Hotel + 1 apartment 100 m2 in 6 floors with lift.
Business description: Expenses: 150,000/160,000 baht for month for hall fixed charges including wages and taxes.
Business Operational: Yes open 8 years now
Reason for Selling: Owner would like to retire
Asking price: 57 Million Baht
Price Negotiable: Yes
Sale Terms: 10% deposit

General amenities

  • Air conditioning
  • Balcony
  • Bar
  • Bed
  • Bedding
  • Built in closet
  • Cable TV
  • Cleaning after exit
  • Cofee pot
  • Computer
  • dining room table
  • Dishwasher
  • DVD
  • Fan
  • Fridge
  • Internet
  • Lift
  • Parking
  • TV

Map