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THB 69,000,000 l SGD 2,900,000 l US$ 2,200,000 l EUR 1,850,000
The Spa Koh Chang is a tranquil health and wellness resort located on the peaceful south east side of the island. The resort is directly connected to the islands main mangrove forest which flows into a large inlet that connects to the gulf of Thailand...with a canoe or small boat this can all be discovered directly from the resort.
At the resort guests find new energy and spiritual health though yoga and meditation and improve their physical health through detox, therapies and organic food. At The Spa Koh Chang it’s all about living a healthy life...and the entire resort, surrounding nature and caring staff inspires to do just that.
This is what is included in the selling price:
Accommodation (26 rooms in total)
5 hillside split level cottages with separate entrance (10 rooms) and 6 single cottages build with local sustainable wood on a slope and surrounded by nature, all appointed with tranquil bathrooms
10 Oriental rooms build from sustainable wood in a natural and warm gallery style
Buildings & Facilities
1 l Large reception (1st floor) & restaurant building (2nd floor) with panorama deck overseeing the lake and mangrove forest
2 l Main meditation/yoga hall (150 sqm)
3 l Secondary meditation/yoga space (100 sqm)
4 l Colema detox center and infrared sauna area (1st floor) and The Natural Spa (2nd floor) for massage and spa treatments
5 l Herbal steam bath (24 sqm hut)
6 l Several sun bath decks and walkway connecting the west and east side of the lake made from sustainable wood
7 l Changing room for swimming area (1st floor) and fitness center (2nd floor)
8 l Large salt-water pool (100 sqm)
9 l Staff dormitory building and canteen
10 l House by the road (storage for reclaimed wood) that can be developed to a education center or guest quarters
6 rai of land (9,600 sqm) with full chanote land title deed (connected to the mangrove forest and bay)
1 rai of land (1,600 sqm) with Bor Por Tor 5 land title deed (connected to the main road)
1 rai of land (1,600 sqm) with Bor Por Tor 5 land title deed (staff dormitory and utility)
Two cars, canoes, bicycles
Full resort inventory
Sold including hotel, spa and all other mandatory licenses (all permits are in place).
From a business perspective:
Sales 2017 US$ 450K l EUR 400K l THB 14M
EBITDA, net income and occupancy on request
The resort has been a destination for the last 10 years, is perfectly up and running and is making a profit which, considering all assets and trained staff are present, can be realistically improved by expanding international group bookings particularly in the low season and engage in more consistent dynamic pricing and modern marketing. Spending per customer can also be improved by opening a resort shop and cafe and in general organize more (tourist) activities which will also better cater to short-stay guests (domestic and international). Current business units are primarily accommodation, F&B, detox, massage, yoga and meditation.
Group bookings represent 30% of the business and considering the resort's high online ratings more consistent marketing will certainly increase the occupancy rate. Around 80% of the guest is international, mostly from countries like Denmark, Germany, UK, France and the Netherlands. Customers from Asia-Pacific such as Singapore, Malaysia China and Australia still have be developed.
The resort is for sale as the owners have reached an age where they feel it is time to hand the baton to a new generation of caretakers who can deploy new marketing techniques and business methods while building on what is already there: a smoothly running business at an amazing location.
Ratings l TripAdvisor 4.5 from 5 stars l Booking.com 8.5 from 10 l Agoda 8.1 from 10
The resort was build and kept to perfection, looks absolutely stunning with its natural wooden materials, mature lush gardens and lake connecting into the mangrove and is situated on a breath-taking location. There are no hidden faults, no financial disasters and no legal issues. This is a great project for hands-on investors who like the concept and want to further expand on it. Come visit this place to find out for yourself.
We are happy to contact you by phone to share more details about the resort in general and operational and financial results in particular.
Real Property Included
Several options available
South east side of Koh Chang Island, Thailand. Quite and beautiful location in the middle of nature. Directly connected to the main mangrove forest that flows into a large inland salt water lake which in its turn is connected to the Gulf of Thailand
See initial description and attached brochures
There is still plenty of (in the price included) land available to build more ground level rooms, and external land (hillside) is also available to build more hillside rooms
Both owners have reached their retirement age and after 12 years of hard work like to pass on the baton to a new generation of owners and caretakers
This resort comes with an official Spa and Hotel license, and the current owners will coach the new owners on how to apply and renew these. As well, current owners are happy to stay on board for a while to guarantee a smooth transition, and also are available for long term coaching
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