Hotel for sale in Pattaya, Thailand: 88 bedrooms, 2500 sq.m., № 86704

Property description

Premier Hotel Investment in Pattaya's Vibrant Center - Available for 550 Million THB

Explore this exceptional investment opportunity in the heart of Pattaya, a prime property offered at 547 million THB. This prestigious hotel is an embodiment of luxury and strategic positioning, located near the famous Central Festival shopping area and just a short walk from the beautiful beaches of Pattaya.

Location & Lifestyle:
- Heart of the Action Situated in a dynamic area known for its entertainment, shopping, and dining, the property attracts a wide array of guests, from locals to international tourists.
- Beachside Proximity: The allure of sun, sand, and sea is just a stroll away, offering guests the perfect blend of city excitement and coastal relaxation.

Property Details:
- Generous Land Area: Occupying 2-2-96 Rai (4,384 square meters), the hotel provides ample space for an array of guest amenities and the potential for future development.

- Diverse Accommodations: With 88 rooms spread across two buildings, one featuring 2 stories and the other 3, the hotel is well-equipped to cater to a variety of guest needs and preferences.

Investment Highlights:
- Competitive Pricing: The asking price of 547 million THB reflects the property's significant value, given its location and potential for revenue growth.
- Desirable Location: Set in a high-traffic area, the hotel benefits from continuous demand, ensuring a steady stream of guests and revenue.
- Growth Opportunities: The property's size and prime location offer numerous possibilities for expansion and enhancement, increasing its appeal and profitability.

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Parameters	Pattaya
Rent Per Month
Apartment (1 bedroom) in City Centre	฿ 17 644.49
Apartment (1 bedroom) Outside of Centre	฿ 10 854.43
Apartment (3 bedrooms) in City Centre	฿ 42 949.83
Apartment (3 bedrooms) Outside of Centre	฿ 22 983.69
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	฿ 83 285.71
Price per Square Meter to Buy Apartment Outside of Centre	฿ 57 000.00

Parameters	Pattaya
Crime Index	46.07
Cost of Living and Rent Index	25.23
Purchasing Power Index	35.44
Property Price to Income Ratio	23.29
Safety Index	53.93
Traffic CO₂ Index	4711.22
Traffic Inefficiency Index	101.03
Rent Index	13.74
Health Care Index	74.58
Groceries Index	43.16
Pollution Index	86.95
Traffic Commute Time Index	22.39
Restaurant Price Index	24.87
Climate Index	74.96
Cost of Living Index	34.36
Quality of Life Index	100.07
Traffic Index	105.81

Parameters	Pattaya
Restaurants
Meal, Inexpensive Restaurant	฿ 110.00
Meal for 2 People, Mid-range Restaurant, Three-course	฿ 1 000.00
McMeal at McDonalds (or Equivalent Combo Meal)	฿ 280.00
Domestic Beer (0.5 liter draught)	฿ 80.00
Imported Beer (0.33 liter bottle)	฿ 80.00
Coke/Pepsi (0.33 liter bottle)	฿ 30.29
Water (0.33 liter bottle)	฿ 11.67
Cappuccino (regular)	฿ 68.81
Markets
Milk (regular), (1 liter)	฿ 55.05
Loaf of Fresh White Bread (500g)	฿ 44.14
Eggs (regular) (12)	฿ 74.72
Local Cheese (1kg)	฿ 562.22
Water (1.5 liter bottle)	฿ 19.71
Bottle of Wine (Mid-Range)	฿ 600.00
Domestic Beer (0.5 liter bottle)	฿ 57.89
Imported Beer (0.33 liter bottle)	฿ 68.89
Cigarettes 20 Pack (Marlboro)	฿ 150.00
Apples (1kg)	฿ 96.67
Chicken Fillets (1kg)	฿ 102.75
Oranges (1kg)	฿ 61.88
Potato (1kg)	฿ 52.67
Lettuce (1 head)	฿ 46.25
Rice (white), (1kg)	฿ 41.78
Tomato (1kg)	฿ 44.20
Banana (1kg)	฿ 44.00
Onion (1kg)	฿ 39.25
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	฿ 398.09
Transportation
One-way Ticket (Local Transport)	฿ 10.00
Monthly Pass (Regular Price)	฿ 600.00
Gasoline (1 liter)	฿ 42.28
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	฿ 850 000.00
Taxi Start (Normal Tariff)	฿ 45.00
Taxi 1km (Normal Tariff)	฿ 45.00
Taxi 1hour Waiting (Normal Tariff)	฿ 110.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	฿ 879 000.00
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	฿ 2 620.51
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	฿ 592.34
	฿ 458.23
Salaries And Financing
Average Monthly Net Salary (After Tax)	฿ 15 056.11
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.67
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	฿ 1 377.78
Tennis Court Rent (1 Hour on Weekend)	฿ 551.33
Cinema, International Release, 1 Seat	฿ 250.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	฿ 1 008.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	฿ 640.00
1 Pair of Nike Running Shoes (Mid-Range)	฿ 3 155.56
1 Pair of Men Leather Business Shoes	฿ 1 425.00
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	฿ 9 500.00
International Primary School, Yearly for 1 Child	฿ 300 000.00

Hotel in Pattaya, Thailand 2500 sq.m. № 86704

Property description

Features

Indoor facilities

Outdoor features