Hotel for Sale in Mueang Chiang Rai, Thailand

The business provides hostel accommodation. It also offers private accommodation options. These facilities cater to travellers and guests seeking shared or private lodging. Tangible assets: 34 beds, air conditioners, refrigerators, lights, towels, bedsheets, fully equipped dormitories, reception area, pool table, garden and other hostel furnishings and equipment. Key money is also included in the sale.

Intangible assets: Established hostel operations, customer base, online reviews and existing business goodwill. The facility comprises two houses with five dormitories, 34 beds and a large garden. It can potentially accommodate three private rooms if the partners do not reside on-site.

The property is rented at THB 25,000 per month under a 9-year rental agreement. The hostel is fully equipped and allows the owners to live and work on-site. The business is funded by its owners and has no outstanding debts or loans. It has three shareholders:
- Thai owner: 51%
- Foreign shareholder: 24.5%
- Foreign shareholder: 24.5%