Hotel for sale in Chiang Mai, Thailand: 31 bedroom, 4500 sq.m., № 88407

Property description

Hotel For Sale in Chiangmai

Discover a Unique Investment Opportunity in the Heart of Chiang Mai's Old City! This expansive property, spanning 655 square meters, features a collection of five distinct buildings, each with its own architectural charm.

Property Highlights: 5 differents Building

Lanna-Style Restaurant (3 floors)
Hualin Building with 18 guest rooms (3 floors, elevator included)
White House in Renaissance style (6 guest rooms, lobby)

Pool Villas (6 rooms, 2 floors)
Gold House in Renaissance style (1 grand suite, banquet rooms)
Financials:

Room rates: THB 3,000 to THB 50,000
80% revenue from room bookings
20% additional revenue from other amenities
Average monthly revenue: Over THB 2 million

Don't miss out on this lucrative venture in a prime location!

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Parameters	Chiang Mai
Rent Per Month
Apartment (1 bedroom) in City Centre	฿ 13 665.96
Apartment (1 bedroom) Outside of Centre	฿ 7 343.75
Apartment (3 bedrooms) in City Centre	฿ 24 000.00
Apartment (3 bedrooms) Outside of Centre	฿ 15 818.18
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	฿ 64 166.67
Price per Square Meter to Buy Apartment Outside of Centre	฿ 36 600.00

Parameters	Chiang Mai
Crime Index	22.37
Cost of Living and Rent Index	20.77
Purchasing Power Index	69.68
Property Price to Income Ratio	10.34
Safety Index	77.63
Traffic CO₂ Index	5496.47
Traffic Inefficiency Index	105.03
Rent Index	8.85
Health Care Index	84.98
Groceries Index	39.01
Pollution Index	77.79
Traffic Commute Time Index	26.20
Restaurant Price Index	19.17
Climate Index	75.93
Cost of Living Index	30.24
Quality of Life Index	147.67
Traffic Index	115.86

Parameters	Chiang Mai
Restaurants
Meal, Inexpensive Restaurant	฿ 62.50
Meal for 2 People, Mid-range Restaurant, Three-course	฿ 600.00
McMeal at McDonalds (or Equivalent Combo Meal)	฿ 240.00
Domestic Beer (0.5 liter draught)	฿ 72.50
Imported Beer (0.33 liter bottle)	฿ 120.00
Coke/Pepsi (0.33 liter bottle)	฿ 24.82
Water (0.33 liter bottle)	฿ 11.18
Cappuccino (regular)	฿ 62.94
Markets
Milk (regular), (1 liter)	฿ 53.67
Loaf of Fresh White Bread (500g)	฿ 50.50
Eggs (regular) (12)	฿ 67.65
Local Cheese (1kg)	฿ 495.25
Water (1.5 liter bottle)	฿ 16.77
Bottle of Wine (Mid-Range)	฿ 600.00
Domestic Beer (0.5 liter bottle)	฿ 58.92
Imported Beer (0.33 liter bottle)	฿ 109.29
Cigarettes 20 Pack (Marlboro)	฿ 150.00
Apples (1kg)	฿ 83.63
Chicken Fillets (1kg)	฿ 99.09
Oranges (1kg)	฿ 44.38
Potato (1kg)	฿ 45.00
Lettuce (1 head)	฿ 20.00
Rice (white), (1kg)	฿ 39.14
Tomato (1kg)	฿ 45.63
Banana (1kg)	฿ 40.00
Onion (1kg)	฿ 38.75
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	฿ 335.11
Transportation
One-way Ticket (Local Transport)	฿ 30.00
Monthly Pass (Regular Price)	฿ 800.00
Gasoline (1 liter)	฿ 40.82
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	฿ 700 000.00
Taxi Start (Normal Tariff)	฿ 42.50
Taxi 1km (Normal Tariff)	฿ 42.50
Taxi 1hour Waiting (Normal Tariff)	฿ 260.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	฿ 762 000.00
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	฿ 2 161.66
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	฿ 565.77
	฿ 455.95
Salaries And Financing
Average Monthly Net Salary (After Tax)	฿ 24 375.00
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.00
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	฿ 1 225.25
Tennis Court Rent (1 Hour on Weekend)	฿ 220.00
Cinema, International Release, 1 Seat	฿ 190.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	฿ 1 916.67
1 Summer Dress in a Chain Store (Zara, H&M, ...)	฿ 925.00
1 Pair of Nike Running Shoes (Mid-Range)	฿ 2 750.00
1 Pair of Men Leather Business Shoes	฿ 2 250.00
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	฿ 9 888.89
International Primary School, Yearly for 1 Child	฿ 480 000.00

Hotel in Chiang Mai, Thailand 4500 sq.m. № 88407

Property description

Features

Indoor facilities

Outdoor features