Hotel in Phrae, Thailand № 251609

Property description

 It is located in Nai Wiang, Phrae. You can buy this hotel for a base price of ฿120,000,000 (฿21,429/SqM). Maeyom Palace Hotel in Nai Wiang, Mueang Phrae, northern Thailand is offered for sale with its land, buildings and operating hotel business. Asking price THB 120 million, negotiable.The property comprises 8,404.8 sq m of land across five title deeds and a six-storey main building with approximately 5,600 sq m of indoor usable area. There are 104 guest rooms in total, with a normal operating inventory of approximately 54–56 rooms. Four additional non-air-conditioned rooms are normally not sold and are used occasionally for special group bookings. Other rooms can be assessed for renovation; they are not all ready for immediate operation.Facilities include a restaurant and kitchen, three meeting halls, outdoor event space, swimming pool, lift and parking. The hotel business is operating. The family is selling as part of a generational transition.An asset purchase or acquisition of the owning company can be discussed, subject to agreement on transaction structure, included assets and liabilities, and mortgage discharge arrangements.