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50-room hotel in town center

1 km from Chiang Rai city center

Listing number: 6168

50-room hotel in town center
  • Price: 20 000 000 THB
  • 666 667 USD
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    • Land: 2000 sq m (1 rai, 1 ngan)
    • Title: Chanot
    • Price: 20 000 000 THB
    • Price/rai: 0 THB
    • 3-story building, 50 rooms, lobby, restaurant, carpark, on-site house for manager

  • Full description
  • This hotel is in the center of town, near the Den Ha area and was built 20 years ago. It has 50 relatively large rooms, a generous lobby and separate breakfast room and a separate house of 150 sq m at the back of the property which could be used as a residence by the new owner/manager.

    The hotel has all the usual amenities for a mid-level hotel but has not been updated since it was built. Accordingly, the room rates are currently very good value for a hotel of this type and location, and if the property were refurbished it would be possible to extract substantially higher revenues. Additional advantages are that the land is quite spacious, with ample parking in front and a large lawn at the back which is currently not being used but could be converted to a pleasant garden, outdoor restaurant or swimming pool area.

     

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