Newly Renovated 294 Key Family Resort in Patong Beach - Phuket

Patong, Kathu District, Phuket Thailand

$30,000,000

Price

6.1%

Cap Rate

4

Star Rating

Gallery
Street
Map
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
Location
Gallery