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Serviced Apartment for Sale in Pa Tong, Thailand

Luxury boutique serviced apartment hotel and number one rated brand award winner last 8 Years.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 1.9 million
Run Rate Sales USD 2 million
EBITDA Margin 40 %
Industries Serviced Apartments
Locations  Pa Tong
Local Time 8:58 AM Europe / London
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 7 million (Native Currency: THB 250,000,000)
Reason: Current owner seeking to retire after 35 years in the hotel business.
Includes physical assets worth USD 7 million
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- 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.

Products & Services Overview

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.

Assets Overview

All Included fixtures and fittings within the sale price.

Facilities Overview

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.

Capitalization Overview

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

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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