Northern Lanna style hotel in Chiang Mai Thailand For Sale

Business description

Owner will reduce the price 15% if the buyer pays in cash "This Deluxe Chiang Mai Resort Hotel has been tastefully completed in Northern Lanna style, and has over 116 exquisite rooms and suites set in lush tropical gardens. Well established, after almost 15 years of trade, the business makes annual profits of 10,000,000 baht, from receipts of 20,000,000 baht. A new owner will acquire the total land and building package which has been valued at 120,000,000 baht. The land measures 5,000 square metres, and is worth 40,000,000 baht, while the hotel structure has total floor space of 7,500 square metres, and is valued at 80,000,000 baht; in addition the hotel assets, including improvements, are estimated to be worth 20,000,000 baht. There are extensive and modern facilities, including air-conditioning throughout, and each room has in house video, direct dial telephone and refrigerator. The function room can accommodate 150 guests and there is a popular restaurant, coffee shop, ballroom, health club, sauna and swimming pool. The seller will consider owner financing for part of the required sale amount, and he would also be prepared to lease the land and hotel if the interested party would prefer, subject to negotiations. "

Property information

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