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   Date    Header Price  
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-- Hotel/Guesthouse -- Eastern Region -- Chonburi -- --   GE Edit
25/05/2006

Three Star Pattaya Resort

10 000 000
UPDATE! Due to his very serious illness (he is under doctor’s orders to return to the USA because of his heart), the seller has reduced the asking price for a quick sale, from 18,000,000 baht to just 10,000,000 baht

BKK11632SW - An 80 room Three Star Pattaya Resort has become available due to the serious illness of the current owner. The business was established 11 years ago, and there is a long lease available, running until 2020. The owner states that occupancy rates are averaging 45%, which leads to annual receipts of 12,000,000 baht producing net profits of 2,700,000 baht. As these figures take into account all the monthly expenses, a higher occupancy rate would produce almost pure profits, giving the new owner a good incentive to make serious money. The owner has kept very detailed financial records and these can be scrutinised by serious investors. The resort is ideally located, close to Jomtien, and has over 20 storeys, providing beautiful panoramic views from the private balconies of the 80 superbly appointed rooms and suites. Rates start at 850 baht per night, and go up to 2,200 baht per night for a deluxe suite. There are 30 full time employees in place, and the monthly payroll totals 175,000 baht. A 50 seat coffee shop is included in the purchase price.


Annual revenue 12,000,000 Baht ($300,000)

Annual Owner's benefit (earnings before taxes and depreciation) 2,400,000 Baht ($60,000)

Furniture, Fixtures & Equipment included in the Investment Price 0

Your Total Investment to own this business 10,000,000

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