Newly Established Hotel for Sale in Bangkok, Thailand

- 33 tastefully furnished rooms sizing the room range from 18 sqm - 24 sqm on the 2nd - 4th floor.

- Restaurant business located in the building on the ground floor, potential to generate annual revenue of around THB 5 million (approximately USD 150,000). It is not operational yet.

- All rooms have a private shower, toilet, and AC.

- Prime location in the popular Asok area, walking distance from public transportation BTS and MRT, shopping, and entertainment venues.

- High demand among business travelers and tourists.

- Loyal customer base and solid reputation in the industry.

- Potential total annual revenue of around THB 8 million (approximately USD 230,000) with a potential net profit of around THB 1.5 - THB 2.5 million (approximately USD 43,000 - USD 72,000)

- Well-maintained building with updated infrastructure as business still running.

- Current owner is selling to raise capital to fund a new business venture and is willing to provide support during the transition period.

- Opportunity for a new owner to build on existing success and expand the business.

- Buyer would get the complete business. Building and physical assets will be made available upon further negotiations with the landlord.

- We have an occupancy rate of 70% - 90%.

- The room charge per night ranges from THB 800-1,400.

- The business has part-time employees as well.

33 furnished rooms having a private shower, toilet, and AC.

The physical assets of the business include the contract of the building with the landlord and all the equipment for the hotel in the business.

Negotiations with the landlords must be done in order to purchase these physical assets.

We pay a rent of THB 320k per month. The rent varies with the duration of the contract, our current contract is for 9 years. The business is located near the downtown Bangkok Asok area.

The shareholding is held within the family with the majority shareholding with the owner.

The business does not have any liabilities.