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.

Luxury boutique serviced apartment hotel with 2 swimming pools, 2 bars, 1 restaurant, 1 fitness gym, 1 wine bar / shop and 2 luxury Mercedes Benz cars.

All Included fixtures and fittings within the sale price.

10,226 sq. ft. (950 sq. m. ) of owned real estate area. The plot is developed with 3 complexes with 4 floors each. The total living space is 47,000 sq. ft. (4,350 sq. m. ). The facility has 45 rooms, 2 swimming pools, 2 restaurants, 2 bars & 1 wine bar.

There is no debt on the company or loans, there are 2 owners /directors of the company.