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35 Room Hotel Building in Distress to Renovate for Sale

  • Property Type: Hotel / Guesthouse
  • Number of Bedrooms: 20
  • Number of Bahtrooms: 20
  • Furnished: --
  • Property Size: 652 Sqm
  • Land Size: 652 Sqm

Ad Description

Building in brief: 35-room budget hotel building in distress, built on 652 Sqm land, 100 meters from the beach, 5 minutes 10 THB drive by bus taxi, inside the at this moment this hotel building is in total distress is a large outdoor swimming pool with bar, the pool needs to be updated. Before Corona it had an occupancy rate of 85 percent plus. This hotel has a lift. The property comes on Ltd name and is for sale in 2 options. Option 1: Offered in the bad shape it is now in as being in distress, inside destroyed by looters, it needs a total makeover and renovation, what you see is what you get for 58,000,000.00 THB plus half of the transfer taxes. Option 2: A very experienced renovation company from Pattaya is ready to start the renovation for this hotel building in distress into a 35-room high end boutique hotel from now on for a period of maximum 6 months to finish it up. The hotel can be open by high season 2022 for the all-in price of 68,000,000.00 THB. The mentioned prices are completely NOT NEGOTIABLE!!! Buyers do not need to contact if they think discounts are possible. The owner does not want to be contacted directly for this temporary offer and only will talk to buyers with money cash ready to pay in hand. Proof of funds is needed before viewing. Call Khun M via 0800018209, agents will get full commission!
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