Hotel For Sale

Cadillac Mansion

This property is located in the center of Patong on a safe, clean and quiet street. A very short walk to the beach. If you know Patong we are located near the intersection where Rock Hard, Chicago and the Shark Club are located. Bangla Road and Rat-U-Thit Road.

The hotel has 15 rooms. 1 Suite with a kitchen, large living area and a marble bathroom with a four person bathtub. 10 large rooms with king size beds and windows. 4 small rooms with queen size beds.

A nice lobby area with 24 hour reception. Laundry room, pump and store rooms. Parking fronting the entrance of the hotel.

All guest rooms are decorated professionally and are all the same. All rooms have TV with remote control, in house VDO (including 2500 titles to choose from) and cable TV. Air con and fan, refrigerator, mini bar with snacks, telephone, fax service, laundry service, maid service and apartment style built in furniture. Bed side controls for lighting, air con and fans.

Large toliets and shower area with hot water.

 

In house holding tank for water storage to avoid water shortage problems.

The hotel runs about 60-70% full in the low season (April-November).
Room rates in the Low Season: 600-1.000 Baht.

The high season occupancy rates are 90-100%.
Room Rates in the High Season: 1.500-2.000 Baht.

This is a profitable, low maintenance operation. One full time foreigner manager and five full time staff. (2 maids and 3 receptionists). The current staff would be open to continue working in the event of a sale.

There is a possibility to keep one large room to live in.

The hotel is owned outright. A foreigner can set up a company to own the property or you can do a freehold lease for a 30 year term plus option for renewal. The hotel is for sale for an outright purchase. The price is 32 million Baht or $850.000 USD.

Service, Reliability and Promptness...

 

Contact us for further information about our services or other inquiries.

realestate@trv.net

Mobil (+66) 1 891 3661
Tel/Fax : (+66) 76 345 066
Phuket Real Estate
16/14 Soi Kan Leak
Patong Beach, Kathu
Phuket 83150
Thailand