Newly Renovated 294 Key Family Resort in Patong Beach - Phuket
$30,000,000
Patong, Kathu District, Phuket 83150, Thailand
For Sale
Hotel
Resort
Active
Last Updated: 04/28/2021
6.1
Cap Rate
4
Star Rating
Details:
Cap Rate: 6.1%
Star Rating: 4
Management: Unencumbered
Floors: 8
Keys: 294
Building Size: 29,546 sqm
Year Built: 2014
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
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.
Location
Gallery
