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Tuscany Home is delighted to offer this fantastic opportunity to purchase a successful and established business in Patong, Phuket.
This business consists of 94 well appointed rooms set over four buildings offering numerous facilities and various room types.
The hotels generate a steady income from both room sales and added recreational spaces, including a modern restaurant, sky bar, rooftop pool, tour counter and exchange counter. All additions are well presented.
This hotel features a total of 94 modern rooms each fitted with flat screen smart T.V's and private en-suite bathrooms. Two-bedroom suites with lounge area and one-bedroom studios featuring a kitchenette are some of the many room types on offer.
Vast communal areas include a chill out room, business centre, Deli and snacks, table tennis and billiards room. Modern and Authentic Thai features can be seen throughout.
The 60 seat restaurant serves Thai and western cuisine catering to both in-house and walk in guests. Perfectly located near to Banzaan fresh market and Jungceylon shopping mall it receives a steady flow of traffic. P.O.S systems are connected to Grab and Food panda generating additional revenue.
The artificial grass sun deck area and rooftop swimming pool have been recently updated and features a busy sky bar serving snacks and drinks.
The rooftop bar is well advertised and benefits from plenty of walk in trade.
In our opinion this a fantastic business opportunity, the hotel is highly ranked with over 1500+ reviews and connected to all OTA websites. PMS and POS software is operational ensuring easy, accountable and clarity throughout reporting and back office. The hotel is currently ranked the most popular in Patong through Booking.com.
The current owners are continuing business in Phuket and can offer full handover and training.
All financial statements included since 2015.
*Key Money - 8,000,000 THB
*Security deposit - 1,000,000 THB
*Monthly rent (2020 - 2021) - 250,000
(2021 -2022) - 500,000
(2022 - 2030) -775,000
2 x contracts included in the sale.
3+3+3 starting 01/01/2021
3 year extendable starting 01/02/2019
Setup and management services available. Please contact our sales team for further information.
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