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Business - Resorts, Chiang Rai

Reference ID : 01726
Type of Business : Resorts
Location : Chiang Rai
Seats : 0
Living Space : 33600 Sqm
Land Size : 82 Rai
Annual Receipts : 240,000,000 THB
Annual Profit : 24,000,000 THB
Date Posted : Oct 6th, 2005
Asking Price : THB 3,000,000,000
Business Description :

This Resort Hotel is without doubt one of Northern Thailand's finest. Situated in Chiang Rai, the venue is five minutes drive from the city centre and the International airport. With a swimming pool the size of a lake, and a spacious lobby with an ornate sweeping staircase, this venue features five star rooms with four poster beds and every convenience a guest could desire; there are over 250 rooms and suites available. Room rates vary from 1,400 baht per night for a single room, up to 6,800 baht per night for a suite. A jogging trail winds around the property, and there is an outdoor Jacuzzi. There are extensive convention facilities and several functions can be hosted at the same time; the spacious banquet hall can cater to parties of over 350 people. The owner has decided that it is time to retire, as the large venue is proving difficult for him to manage in his advancing years. Profits of 24,000,000 baht per year are being made, from revenues of 240,000,000 baht. There is naturally a very large staff engaged here, and approximately 400 employees are paid a total of 40,800,000 baht per annum. The owner had decided to offer the property to an entrepreneur for 3.5 billion baht, but has already reduced that figure to 3 billion baht, as he is keen to begin his new lifestyle. This is a premium listing, and one has to see it to believe it. Own your own stunning piece of Thai Real Estate and accrue great profits. To invest here contact Sunbelt Asia and we will furnish you with more information.

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