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   Date    Header Price  
-- Hotel/Guesthouse -- Eastern Region -- Chonburi -- --   GE Edit
27/05/2006

150 room Hotel in Pattaya

165 000 000
BKK11531G - This 150 room Hotel is three years old, and is located on almost two rai of land close to the Second Road in Pattaya; it has become available as the owner wishes to concentrate on his other hotel properties in other parts of the country. The building has 10 stories, affording commanding views of the ocean and city lights, and there is a large car park and swimming pool area. Several retail spaces sit on the ground floor in addition to a 90 seat restaurant that has some outdoor seating next to the pool. Offering a range of 26 square metre superior rooms and 44 square metre deluxe rooms, with walk-in rates set at 1,200 baht or 1,500 baht, depending on room size, the hotel occupancy is averaging 60% year round. In addition to the main building there is an additional building that the current owner is now leasing at 80,000 baht per month. This contains additional retail space on the ground floor, and a further 46 rooms that are rented out for 500 to 600 baht per night. The new owner has options to continue leasing the building as at present, to discontinue the arrangement or to purchase the property outright. Currently the business earns annual profits of around 10,000,000 baht from receipts of approximately 24,000,000 baht. The land has been valued at 40,000,000 baht and the building and furniture, fittings and equipment value is 125,000,000 baht. The hotel has a large workforce of 90 employees, and the monthly payroll totals 333,333 baht.


Annual revenue 24,000,000 Baht ($600,000)

Annual Owner's benefit (earnings before taxes and depreciation) 10,000,000 Baht ($250,000)

Furniture, Fixtures & Equipment included in the Investment Price 125,000,000 Baht ($3,125,000)

Your Total Investment to own this business 165,000,000

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