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Four Star Hotel
The Hotel is as new and set in
4.375 Rai (1.2 Acres) of beautiful tropical gardens near a typical Thai
village just outside Chiang Mai, North Thailand. The area contains mountain
and elephant camps, a wealth of more than 50 interesting attractions and the
best climate in all Thailand.
This unique sale is necessitated before the rapidly expanding business even
approaches its potential. The sale is occasioned by the owners deteriorating
health.
The accommodation consists of 11 large luxury suites, rated as $ 100 per
night value, but to date, promoted at half that value.
Watergarden Restaurant
Office and gift shop
Guest computer room
Thai massage parlour
Herbal steam room
Thai cooking lessons
Swimming pool 15 m x 5 m.
Tours to more than 50 interesting destinations
Golf packages
The property is ideal for all
special purpose groups requiring relaxation, meditation, feel good, stress
recovery guests, Thai cooking lessons, golf & sightseeing packages plus long
stay visits.
The offer includes 1 Rai of adjoining development land to the north intended
for the building of 24 smaller rooms (rated superior) and a further new
purchase of 1.3 Rai to the south.
Realistic trading figures are difficult to assess because the opening of the
Hotel was accompanied by SARS, Bird Flu and the Tsunami. Resulting in
occupancy varying from 0 to 95%, but year 2005 sales were 98% above 2004 and
2006 are predicted to increase similarly.
Most short stay guests extend their holiday to see more of the country and
many return in the same or next year. The business is strongly building on
its excellent reputation
Appraised March 2005
Asking Price: 36,100,000.00 THB (Approximately $926,000.00 USD)
NOTE: Reduced from 54,000,000
THB ($1,380,000.00 USD)
Please
check out the large house associated with the sale of this hotel
REFERENCE
#3207
VB (CO1)(O)
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