Property Description
Tambon Karon, Thailand, MN
Status: For Sale
Property Type: Hospitality
MAJOR PRICE REDUCTION! Boutique Phuket Hotel
Turnkey and Perfect for Investment or Owner/Operator
Fabulous boutique hotel with 37 unique rooms from studio, 1 bedroom and 2-bedroom suites. Full-service restaurant and pool with bar, room service, onsite spa, onsite laundry, and rooftop pool with sea and mountain views and just a 10-minute walk to quiet Karon Beach and many restaurants and shopping.
The property has been owner-operated by the same team that developed and opened the hotel. Many of the staff have been with the resort for many years. A 4-star property, the resort consistently achieves high reviews and is 9+ on TripAdvisor, Hotels.com, Expedia and Agoda. It has won the Trip Advisor Circe of Excellence and the Travelers Choice Awards multiple times. A true traveler favorite with many returning guests for both short and long-term stays.
FINANCIAL SUMMARY
- Sale Price: $5,700,000
- Price Per Unit: $154,000
- NOI: $400,000
