Pattaya hotel for sale
This fully furnished 58 room budget hotel is conveniently located on the Baht bus route for Pattaya to Jomtien and is a short 5 minutes by bus to the busy Pattaya Walking Street and about 10 minutes to Jomtien.
The hotel was established 20 years ago and has a steady clientele. The hotel itself is in very good condition and currently has 100% occupancy. The rent for the building is 127,300 Baht per month with two years left on the lease and a 15 year renewable option. Key money to the landlord is 4 million Baht not included in the sale. Salaries for the 6 full time and one part time employees run at 32,500 a month.
The owner is selling this turnkey business for personal reasons.
ASKING PRICE: 3.5 million Baht
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