The ‘Orchid Boutique Hotel’ has many returning customers and is highly rated from 4 – 4.5 on most hotel booking sites for service, quality, value for money and location. The Hotel has 5 floors, 4 for hotel guests featuring Family rooms, King and Queen size beds, all in a quiet, convenient environment. The 5th floor is occupied by the owners allowing for 24 hour check-in and live on-site housing. The land alone is extremely valuable given the central location and proximity.
In 2018 financial year, the average daily occupancy rate overall was 76.2% equating to 11.3 rooms out of a possible 15 guest rooms were booked and occupied. All licenses, Hotel Accommodation, Food and Beverage and Alcohol sales are in order and will be transferred to the new owner. Financial records show a net return of approximately 59% profit. This is net profit, not EBITDA.
Catering for the middle income traveler, room rates have remained at an average of 700 THB per night for quite some time. As Khon Kaen expands, even though this hotel is a mere short 300 Mt’s to Central Plaza, there is opportunity to increase rates ‘slightly’ to be in line with other hotels. A ground floor dining and breakfast area is open and inviting. This reception, dining area offers a further 2 BTH and 1 Shower room for guests convenience. In addition and adjacent to reception, is a temporarily closed coffee shop with many passing by either by foot or vehicle. Currently being used as a storeroom, yet able to re-open and improve overall profitability.
This is a privately owned hotel with no hotel brand affiliation, yet offers hoteliers to expand their network and brand image when purchased.
Khon Kaen is designated to be a major central logistics hub as the ‘One – Belt, One Road’ high Speed train network nears completion in the year suggested as being 2023. It has a growing population, Highway 2 from Nong Khai to Bangkok, major shopping centers and a very comfortable and affordable place to live or visit.
Full financials will be available to genuine qualified buyers following an a scheduled appointment to view. This affordable and profitable Hotel is available now and can be viewed by contacting Ernie, Managing Director, Isan Real Estate [email protected] +66851798729 (Eng.) or Duean, General Manager (Thai and Eng.) [email protected] +66943738998