URGENT SALE:
Below some hotel Information:
- Building: High-rise building.
- Location: up-country Thailand.
- Build: 1996:
- Land: 17 Rai or 27,200 square meters (Chanot Title)
- Guest Rooms: 380 (80 rooms are now under renovation)
- Huge Banquet facilities for up to 1500 guests. Huge parking space (part of it can be used a shopping center, market, plaza) Restaurants:
- One (1) operational and another can be developed at top-floor with stunning views.
- The hotel does not have any outstanding loans. – Free of debts!
- One separate building what used to be a Discotheque can be converted to be staff housing.
- Others: The hotel was built for Baht 200 Million –“excluding Land” – in 1996.
- Current Land value is approx. 4,5 Million per Rai as per our local survey.
- Selling Price for the hotel is Thai Baht 200 Million ONLY!
The story: The hotel has been operated and managed by one individual independent owner for the past 14 years. Unfortunately, mismanagement and others did result that that the hotel right now is worn out. The hotel is however still operationally and achieves a break-even every month. A few months ago, the original owing family took control of the hotel property from the person who did mismanage the property.
Now, as the hotel asset is secured, the owing family all agreed to sell the hotel as soon as possible as their core business and expertise is not hospitality and hotels.
Mai-BS (Thailand) did some studies and can provide you will a new 10 years cash flow based on a very negative outlook. Even this negative outlook looks very promising shows the potential. You will be required to sign a NDA (Non-Disclosure-agreement) for more detailed information.
Please contact me through krr@mai-bs.com for more information. Klaus R. Rauter Managing Director
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