BKK15483

The owners of this busy hotel, located within walking distance from the Asoke BTS station, are offering a management contract to a qualified and eager hotelier to run the business.

The new manager would take over all aspects of running the business, including rent, staff, salaries, and marketing & promotion. The new management would be required to pay key money of 3.6 million baht and the monthly rent for the 20 room hotel is 200,000 baht. Now occupancy rate now is around 35 % 40 %. Is mean business can make more money if do the right marketing. Each of the 20 rooms is air conditioned with hot water, WIFI, TV and refrigerator .

There is a restaurant and onsite public parking for guests, a true premium in this busy neighborhood. The three staff members will remain in place for a smooth transition. Monthly payroll is 40,000 baht.

Water and electricity costs are around 25,000 baht per month while sales average around 300,000 baht a month in this year old business. The owner invested over 10 million baht in the hotel but has no time to manage it himself.

ASKING PRICE: 3.6 million baht