Long lease available NOW on 44-bedroom hotel with restaurant and other facilities, located just off Patong Beach Road, Phuket. The beach is literally 2 minutes walk from the hotel and Bangla Road’s nightlife centre is, at most, a leisurely 10 minute stroll away.

This is a premium location and a rare opportunity – one that will almost certainly be snapped up quickly.

The facilities
Facilities included in the lease of this 4-story building include:

• 44 guest rooms including 3 mini-suites
• Reception area
• Restaurant with fully fitted kitchen and restaurant furniture
• Potential spa/massage, retail or street-side bar area
• Lift to all floors

State of repair
The property (in particular the ground floor and primary services) was extensively renovated in 2005. All services are fully functional. General state of repair, decoration and furnishings are commensurate with a budget hotel in this area.

The potential
The hotel is currently operated by the building’s absent owners, whose main business is neither the travel nor hotel industry. Nevertheless, it is returning an operating profit, although well below potential. The size of the rooms and the location lend themselves to operating at a higher average room rate and higher occupancy levels than are currently being achieved.

The investment
Initial investment is likely to be in the region of US$1m. Lease details and appointment to view on application.

(Note: The lease offered excludes the ground floor retail premises shown on the plan coloured grey)

Contact information
Tel: +66 (0) 2254 9184-5, +66 (0) 2651 0181
Mobile: +66 (0)8 1927 5099
Email: narrytailor@gmail.com, narry@narry.com

Quote ref WIN/01 when applying