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   Date    Header Price  
25/05/2006  Unique Concept Hotel245 000 000
-- Hotel/Guesthouse -- Eastern Region -- Chonburi -- --   GE Edit
25/05/2006

Pattaya Hotel

6 700 000
UPDATE! The owner is eager to relocate, and has lowered the asking price from 7,200,000 baht to 6,700,000 baht.

BKK11609SW - The owner of this small Pattaya Hotel will soon be moving back to his home country, and must therefore find a new owner for his enterprise. Although the business is 15 years old, he has only been in residence for the past two years, during which time he has renovated the hotel. Located in one of the main nightlife sois in Pattaya, the hotel is only five minutes stroll from a major shopping centre, and even closer to the beach. Although there are only six rooms for guests, each is nicely finished and facilities include a DVD player, a television set, tea and coffee making facilities, air-conditioning, refrigerator, gas cooker, fan and writing desk. The hotel has 24 hour room service, in-house massage, in-house laundry and daily maid service. Room rates are in the 700 baht per night region, but go up during the high season. Currently operating at less than half occupancy, the business is still making annual receipts of 720,000 baht, and the owner will discuss profit margins with interested parties. The hotel is available as a freehold purchase, and the owner states that he recently had an offer of 5,500,000 baht which he rejected as he values the building, land and business much higher. With four stories, and approximately 130 square metres per storey, there is total floor space of around 520 square metres and land of roughly 130 square metres to be acquired. Three full time employees are in place, and they command a total monthly payroll of 25,000 baht.

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