Phuket Hotel Project

[SunbeltAsiaAdvisor]

Phuket Hotel Project

UPDATE: Price reduced from 250 million Baht to 180 million Baht

This 4 Star Hotel project sits just 300 meters from the beach at Rawai on the popular tourist destination of Phuket. Once renovations are completed the 5,637 sqm premises will have 83 luxury rooms. The land and buildings have recently been valued at 359 million Baht.

As a loan of 137,000,000 baht is outstanding, the asking price has been set accordingly low, at under asset value.

The owner has recently been pursuing an unrelated business venture and partnership would be acceptable or a sale of the hotel and land.

ASKING PRICE: 180 million Baht

BKK14047

[sunbelt][/sunbelt]