This brand new Boutique Hotel sits on the hillside overlooking Patong, in Phuket, and sits on land that has had the rent pre-paid for the next 16 years. The option exists for an investor to acquire just the building, with total floor space of 170 square metres, for 66,000,000 baht, with no land rent to pay for 16 years, or to acquire the land as well for an additional 22,000,000 baht. There are over 20 air-conditioned rooms that are complete with beautiful teak furniture, balconies with great views across the bay, ADSL internet connection, satellite television, fridge, mini-bar and hot water. These rooms bring in, on average, 2,000 baht per night each (rates vary between 1,000 baht and 3,000 baht depending on season). Facilities include a beautiful landscaped swimming pool, again with great views, tropical gardens, a beauty salon, a 60 seat restaurant with a large fully equipped kitchen, a roof-top bar restaurant with seating for 200 (served by dumb waiter from the downstairs kitchen) and nightly entertainment, and there is also extra available space on the roof for the addition of a spa. The hotel is functioning, with a web site, and there are 19 employees commanding a total monthly salary of 120,000 baht; the hotel also has underground staff housing. The owner will give detailed early financial results and forecasts to interested parties.
