Bangkok Boutique Hotel & Restaurant

[Sunbelt Asia]

A price drop is offering an amazing deal on a golden opportunity

Due to the proprietor's desire to retire and spend more time with his family, a wonderful opportunity to purchase an established boutique hotel in the heart of Bangkok’s Sukhumvit Road area has arisen. The owner invested in the business in 1994 and spent well over 45 million baht building the guest rooms, lobby, pool, lounges and restaurant.

This rather large property, approximately 1200 sqm, is quietly located just off a well established soi on Sukhumvit Rd and has a newly renovated 17 room boutique hotel, swimming pool, restaurant with full kitchen and separate bar/lounge, both located around the pool area. There is also another, slightly smaller, bar area located inside the hotel that can be used for special events or built out into an alternate themed bar/lounge. The entire complex is within walking distance of many highly desirable destination locations and a BTS station.

Monthly rent is 350,000 baht, which is excellent given the size and location, and a current total monthly operations cost of well under one million baht. A property of this size with this type of rent in this area of Sukhumvit is extremely rare. Bars in the area, with rent of 250,000 Baht for 80 sqm normally sell for about 5 million baht. With an experienced and creative minded owner and/or operator the potential for this all inclusive boutique hotel is remarkable.

The owner was forced to take over management of the hotel and has cut expenses in half, the rooms are fully booked for the upcoming high season so the business will be making money again very shortly, it simply needs TLC. However, the owner has no desire to manage the property himself and is looking for a quick sale so he can retire. He is offering a full sale at 10,000,000 baht or a 50% partnership to an active manager.

This is an amazing opportunity for someone to buy into a buy into a boutique hotel in the heart of Bangkok

(BKK14413)

[sunbelt][/sunbelt]