UPDATE! The owner has adjusted his investment requirement downwards, from 290 million baht, to 244 million baht.Own your own Resort and Spa in the beautiful North of Thailand. Located on 24.5 rai, an hour out of Chiang Mai, the resort features a hotel with 30 rooms, another (still under construction) hotel building with 10 rooms, and seven traditional style bungalows. Other facilities include a club house, a conference room, a bar, a swimming pool and a restaurant. The business brings in annual receipts of 9,600,000 baht, but the owner, who is retiring, has to pay big debts from this amount. This means that profits only come in at 900,000 baht, but a new owner will obviously make nearer to a 50% profit margin. The total land and buildings package has been evaluated at 250,000,000 baht. Contact Sunbelt Asia for more information.