Subject: Pattaya 35 Room Hotel Building Under Renovation

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Pattaya 30 Room Hotel Building Under Renovation
This 5-floor high 35-room budget hotel building in distress is located off Jomtien beach around 150 meters from Jomtien beach and the baht bus. Dongtan is the most commercial area of Jomtien beach. At this moment this hotel building is in total distress and under full renovation, but the basic structure has a large outdoor swimming pool with bar, a lift, and a Coffee Shop/restaurant space on ground floor. Before Corona it had an occupancy rate of 85 to 100 percent. The tiles the building is very strong. It is built on a land plot is 163 Thalang Wah or 652 sqm with 9 chanotte titles. This property comes on a Thai name and the asking price for the hotel renovated is lower than the value of the land it is on.
The present owner will finish the full renovation with options to slight changes to the basic plan being to end with a 30 rooms high end boutique hotel with pool, parking, private parking and high quality rooms for the total price of 65m THB all included and a time to finish estimated on maximum 6 months, ready for the next high season to kick in with full occupancy for months and superhigh ROI from the start.
Call Khun M 08000 18 20 9 or 0614 3456 37 or email pattayapropertynetwork@gmail.com
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P.L.C. Pattaya Legal Consultants, 448/4-5 Moo 12 Thepprasit road, Nongprue,Banglamung 20150Chonburi,, Pattaya, Chonburi 20150, Thailand
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