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This luxurious resort is well situated in the North of Thailand and caters to the elderly who want to retire in Thailand. Catering mostly to expat customers from Europe and Australia, the company employs a team of medically qualified professionals which can provide different levels of personal care. The company is owned by Swiss investors and also employs a Swiss/Thai management team on site in Thailand which will stay on and support a new owner.
The buildings and infrastructure have been built to a high standard and include a water purification system and two power generators. The facilities include a restaurant which serves Thai, Western and Swiss food, an own bakery as well as a pool, spa, common rooms and large gardens for sport activities.
Until May 2020, the resort achieved a utilization rate of around 55% and was returning a good profit margin. A new investor can build on an existing team and will find a location with potential to expand further, however is also open to change the business model if desired. The ideal investor will use his experience to tap into the markets for elderly care in different countries.
Real Property Included
Resort is around 20 mins outside of Chiang Mai. An estimated 60’000 people are enjoying their retirement in Thailand’s largest city in the North. Besides a year-long mild climate, Chiang Mai offers many attractions to its visitors, including a vibrant restaurant scene, various golf courses and cultural activities, as well as outdoor activities for all ages. Nested at the foot of the mountain range leading to Chiang Rai, the resort is in proximity to national parks.
The buildings and infrastructure have been built to a high standard and include a water purification system and two power generators. The facilities include a restaurant which serves Thai and Western food, an own bakery as well as a pool, spa, common rooms and large gardens for sport activities.
BOI License for 100% foreign shareholding
The demand for nursing homes is increasing globally –an ageing population in industrialized states has an increased amount of wealth to plan their retirement, and compared to Europe and other western countries, the cost of living and thus the affordable level of service in Thailand is very attractive for expat retirees.
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