HOTE021 - Hotel Building - For Sale - Central Pattaya - Hotels for Sale, Real Estate - Number of Bedrooms: 15+, Number of Bathrooms: 15+ - Pattaya, Chon Buri, Thailand

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HOTE021 - Hotel Building - For Sale - Central Pattaya
Date & Time Listed: 2013-05-09 05:18:36 (GMT)

Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 15+, Number of Bathrooms: 15+
Posted From: Thailand, Chon Buri, Pattaya

Ad Details:

PATTAYA JOMTIEN PROPERTY office is based in Pattaya so we have the local knowledge on all developments and developers that agents based outside Thailand do not possess when buying 'Off Plan' Condos. We have hundreds of luxury properties listed including pool villas, beachfront condos, hotels, industrial land and factories, check out our website. We are delighted to be able to offer this private sale of a 80 room Central Pattaya hotel building that is unique in every way, it cannot be beaten in terms of return on investment or it's location.
Less than 80 meters from the beach, it is a ‘5 Star’ location as no other.
The building needs to be completely renovated and refurbished.
The location is the best in Pattaya, on Central Beach Road, the building design however is not dated, is highly visible and 70 percent of the units enjoy sea views.
Renovation towards a 3 star brand new hotel with 80 rooms takes 3-4 months and will cost approx. 20-35m THB.
To refurbish to a '5 Star' hotel will obviously cost more in refurbishment costs and an increased time frame.
The ground floor can be turned into a small shopping mall with the hotel reception area.
The sellers have also evaluated that by renovating to 150 units and selling all of the units as either investment or residential units for private buyers, the initial investment amount will return over 350m THB within 2 years.
This transaction can only be completed in full confidence and discretion, the buyer needs to show a "Letter of Intent" (LOI) and a statement of bank finances available to purchase before showing the property and introducing to the present owner.
The selling price is inclusive of transfer taxes being split 50-50 between seller and buyer.

Other Details:

Number of Bedrooms: 15+
Number of Bathrooms: 15+

Price: 135,000,000.00 THB

Keywords:

Hotel, Pattaya, Thailand, Beach, Beachfront, sale

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Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 15+, Number of Bathrooms: 15+ Posted From: Thailand, Chon Buri, Pattaya

Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 15+, Number of Bathrooms: 15+
Posted From: Thailand, Chon Buri, Pattaya