Serviced Apartment/Small Hotel For Sale. Chiang Mai (Thapae Road)
The business is operated as a small hotel and rooms are let on a daily basis
Depending on demand and time of year apartments are let between 1400 and 3000 baht/night
There are 6 apartments in one 3 storey building on 100 square wah of land
• 4 One bedroom apartment
• 2 Two bedroom apartments
Active listings are already in place with all the top OTA’s (Airbnb, booking.com, Agoda, Expedia Traveloka etc….)
A further reason for the success of this business is the location. The apartment is situated on Thapae Road (Soi 3) in a quiet location just behind Kasikorn bank. It is within easy walking distance of the Night Bazaar and the Walking Street Markets and makes it a popular with visitors to the city who do not have their own transport and need to walk to the city’s attraction and markets.
Despite a lot of hotel completion in the area these are apartments are very popular due to the space and amenities they provide (full kitchen, separate living room, spacious balconies or private gardens)
The property is being sold freehold or the land/property will be included with the company purchase and might be the best option for a foreign buyer who want to purchase this business.