Newly Renovated 294 Key Family Resort in Patong Beach - Phuket
Patong, Kathu District, Phuket Thailand
For Sale
Hotel
Resort
$30,000,000
Price
6.1%
Cap Rate
4
Star Rating
Overview
Cap Rate
6.1%
Star Rating
4
Management
Unencumbered
Floors
8
Keys
294
Building Size
29,546 sqm
Year Built
2014
Description
8 floor, 294 key 4* tourist and family resort in Phuket's tourism hotspot Patong Beach.
Established for 5 years, the resort is smoothly run by an experienced management team, and shows consistently high occupancy rates.
Very large room sizes - average 45 sqm.
Land prices have risen on average 10% annually over the last 5 years.
Highlights
- 86% average occupancy in 2017
- Freehold property
- 600 meters walking distance to Patong Beach
- Strong increase in Land Prices in the Patong area
- Established management and distribution
- Well-priced at just THB 4m per key