Phuket, Airport

Land size: 1 Rai

Floors: 1

Bedrooms: 12

Bathrooms: 14

Price: 10,500,000

Title: Airport hotel very good investment

Code: BBS2104

The property consists of:

• Furnished
• Aircon
• Telephone
• Internet
• Pool
• Garden

Description: This airport hotel is a very successful venture. But the Thai owner has a long-term illness and wishes to sell the business as a going concern.

The hotel primarily caters to the sector of transit customers who will either depart from the nearby international airport early the next day, or will arrive in Phuket on late evening flights. As a result, the hotel is always busy and generated a profit of more than 3.5 million baht ($100,000 US) in the past 12 months. It even can be more if you upgrade or expand the existing units and the running restaurant.

The hotel consists of 12 3-star bungalow guestrooms, swimming pool, restaurant, kitchen, car-parking, private garden, massage sala, broadband WIFI internet and 70-channel international channel cable TV.

The hotel is located on 1,600 square meters of land which is leased on a long-term basis. There are 10.5 years left on the current land lease which is securely registered at the government land office. The lease can also be renewed at the end of the term by negotiation with the landlord directly. The present person who run the hotel leased the land and build up the hotel plus pool.

The business is highly ranked on Trip Advisor and receives many good revenues.
The land owner does not want to sell the land for the moment so you will not become the owner of this business in full. You pay a amount to take over the hotel plus keep on renting from the land owner.
Aside the take over price of the business there is the monthly rent and that is now 60.000 THB and that increases every year with 10 percent. Details or negotiations can be done directly with the land owner. But with the huge success and the almost year around fully occupancy, that rent is still low. This week, the place was rented out completely.
this an very good business opportunity with 30% return on inestment per year.

Address: Airport