Four Star Hotel Project

Four Star Hotel Project

Location: Phuket

Listing ID# BKK14047

250,000,000THB

BUSINESS SUMMARY

A Four Star Hotel Project has become available for acquisition on the island of Phuket. Sitting just 300 metres from the beach, at Rawai, the 5,637 square metre hotel will have 83 luxury rooms after renovations are complete. The owner has recently been pursuing an unrelated business venture, and the hotel is no longer his principal interest. He has therefore sanctioned a sale, although a joint partnership would be viewed as an option if a suitable investor were to come forward. Recent estimates placed a valuation of 359,000,000 baht on the building and land. As a loan of 137,000,000 baht is outstanding, the asking price has been set accordingly low, at under asset value. Asking price: 250,000,000 baht.

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