Serviced Apartment for Sale in Pa Tong, Thailand

- Luxury boutique serviced apartment hotel in Patong, Phuket with full hotel licence and permits.
- Rated number one on trip advisor for the last 8 years.
- Has 3 apartment complexes with 5 floors each.
- The facility has 45 Apartments and 51 beds with a total living space of 47,000 sq. ft. (4,350 sq. m. )
- Equipped with modern amenities including 2 swimming pools; one of which is a rooftop pool, 2 restaurants, 2 bars, and 1 wine bar.
- The apartment also has a 24-hour reception and concierge service.
- The Average Daily Rate (ADR) is THB 4,485 and the average occupancy rate is 70.2%
- Highly rated with a 4.5 rating on Tripadvisor.
- The apartment has all licenses in place with well-maintained books.
- The business has strong cashflows with a net income margin of 40%
- Currently the hotel is managed by a local brand and held under a private limited holding company registered in Hong Kong.
- The acquirer will be able to acquire 100% of the holding company's shares which in effect will help them acquire all of the serviced apartments assets including the land, brand name, furniture, and website.