Hotel for Sale



This Budget Hotel is conveniently located in the northern part of central Bangkok, close to shopping and business areas, with close access to the Expressway system and the new Subway system to be opened this year.



The Hotel consists of two linked 4 story buildings containing approximately 108 Guest Rooms and Suites. All rooms feature Individually controlled A/C, Color T.V. which provides IBC Cable, MTV, and Thai Sky, Radio, Telephone Operator services and Mini-bar.



Other Hotel Facilities include Coffee Shop with 24 Hour Room Service, Bar, Karaoke Lounge, Swimming Pool, Shopping Arcade, Business Center, Function Rooms, Fitness Center, Thai Traditional Massage Center, Snooker Hall, Limousine Service & Travel Desk, and Laundry Service.

 

The Hotel is built on approximately 1 Rai (1600 Sq. m.) of leased land. The building is 11 years old. The Lease cost is Baht 15,000 (US$ 375) per month and has currently a further 11 years to run. On expiry, the lease can be renewed 



It may be possible to convert the property to Freehold by purchase of the land. Current land cost in the area is approximately Baht 55,000 per Sq. Wah (4 sq. m.). Therefore the purchase price of the land would be expected to be approximately 
US$ 550,000

Net Operating Profit of the Hotel over the last 3 - 5 years has averaged approximately US$1.2 Million per Annum

Asking Price for the Hotel and Facilities is US$ 3.4 Million

Contact:
John van Happen 
Lasanne Pacific Logging & Timber
Moo Ban Ruangchalerm, Soi 4, 341/78Sukhumvit Soi 101/1, Soi 21
Bangkok
Bang Na, Bangkok
10200
Phone: (662) 747-7079
lstimber@loxinfo.co.th
Or Mr. Colin Lawson 
cdlawson@cscoms.com
+661-553-4471

REFERENCE #3049

JVH (C5338)(B)