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For Sale: Half-share In Phuket Airport Hotel
Date & Time Listed: 2013-10-08 11:49:04 (GMT)

Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 3, Number of Bathrooms: 4
Posted From: Thailand, Phuket, Phuket Airport

Ad Details:

This is a rare opportunity to purchase a half-share in Phuket Airport Overnight Hotel, which is one of the busy (and profitable) 'transit' hotels that British hotelier Simon has built next to Phuket International Airport over the past 7 years.
(The last airport hotel that he built was sold for 10 million baht last year and the new owners continue to operate this very profitable business).
Due to a recent (amicable) divorce, a 50% share in this popular, small hotel is available, with construction assistance for the new partner to construct additional guest rooms.
Phuket Airport Overnight Hotel was constructed in late 2011 and is located on about one third a rai of land, located only 300 metres from the passenger terminal of Phuket International Airport. This makes the business extremely popular with late-night and walk-in customers.
The land is leased for a period of 15 years, (this period can be extended), and the lease contract is correctly registered at Thalang Land Office, and all applicable taxes paid. The hotel itself has full planning permission from Thalang OrBorTor and local permission from Tambon Mai Khao government office.
The land lease is in the foreigner's name only - no Thai person is listed on the land lease.
There are currently 3 guest rooms, but planning permission was provided to build 6 additional guest rooms, which the land area can accommodate. Work has already begun on building 3 of these new rooms.
3 phase electricity is available to the hotel, as is a multi-channel cable TV system. There is a land-line telephone with wi-fi access throughout the site.
The hotel business owns several valuable web-site domains and fully-operational web-sites with online booking facility. The hotel receives the majority of it's guest bookings from agents such as Agoda, Expedia, Wotif and Sawadee.
The monthly land rent is just 20000 baht, increasing by a contracted and small % over the 15 year term.
Monthly bills are typically 5000 baht for electricity,1000 baht for telephone/internet and 40000 baht per year for OrBorTor tax.
The half-share of this business is available with the new owner gaining an equal share of revenues from all existing bookings.
The asking price for the 50% share of this business is 600,000 baht.
The new partner will receive free advice and assistance concerning the online booking system and online agent configuration.
Please contact as soon as possible for further details

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 4


phuket, hotel, phuket airport

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