27 Rooms Hotel with Restaurant for Lease Patong Phuket
If you are looking for medium/high number of rooms, beautifully decorated with modern style furniture, fully furnished with all the guests can ask…aircon, tv, wi fi and safety box, this is the right business to take over, it’s not only centrally located at not more than 600 mt. to the famous Patong beach, it also offers a fully equipped kitchen and a huge terrace perfect for restaurant and/or lounge bar.
The occupancy from October till March has been exceptional, with the hotel fully booked and rooms sold in peak season at 2.400 baht, during March the average price per night at the rate of 900 baht.
All the water system has been completely renovated by the present management, the solar panel system, also totally refurbished helps a lot to keep the electric bill lower compare other Hotels with the same number of rooms.
The Rooms business is already well set up, the Hotel is well ranked in the major online booking system, plus in some specific german language search engine.
The Restaurant/Lounge business has great potentiality left, the present owner offers breakfast, dinner only if booked in advance, a new owner with energy and ideas can optimise this side of the business with a great extra income.
There are many extra income where the owner can focus, right now only the motorbike rent to the guest has an income of 100.000 baht a month in the high season and about 35.000 baht in low season.
Company limited is included in the sale price, the contract has 4.5 years left but the owner is willing to renew and extend it for another 9 years at the cost of 100.000 baht for the new contract.