Ranked #1 hotel by Trip Advisor out of 34 in Phang Nga Province. Established since 1990. This is a first time offer and rare opportunity to own a successful Resort and the most stunning privately owned beachfront land anywhere north of Phuket.



Not only a profitable and attractive business, but also a first class land acquisition. The land value in the area has risen 350% in the past seven years and is set to escalate well beyond this rate in the coming years.



Golden Buddha Beach Resort (GBBR) is ranked #1 out of 34 hotels in Phang Nga Province by Trip Advisor and is rated 88% on the hip travel site i-escape. The business is growing steadily at 20% pa and is consistently profitable.



Guest accommodation is provided in 25 unique and individually designed villas, each one set in its own 1,600 sq.m of garden. Villas vary from simple one-bedroom beachfront houses to luxury forest canopied lodges with beautiful views of the Andaman Sea. The villas are owned by individual Members who pay annual maintenance and service fees and receive a portion of rental income in return. Rooms are offered in six categories from $100 to $385 a night.



The Resort occupies a peninsula of unsurpassed beauty. In addition to having two idyllic natural beaches, one (1,000 metres) on the Andaman Sea and the other (250 metres) in a sheltered Bay, the property is bordered by two attractive hills that are havens for wildlife. This has been described as the most stunning privately owned beachfront land anywhere north of Phuket.


Property information

Planning consent: The Resort property is freehold and carries Nor Saw Sam Gor (NS3G) land title deeds, allowing for development.
Living accommodation: There is a staff house on the premises.
Real Estate: Real Property Included

Business Operation

Years established: 21
Employees: 36
Trading hours: This is a hotel. Service is available 24/7.
Reasons for selling: The owners each have unrelated business interests in which they are actively engaged. These together with family and other pressing personal commitments mean that in the near future they will not be able to give the time to this business that it deserves.
Competition / Market: Golden Buddha Beach Resort is the only hotel on the entire Island.
Expansion potential: There are 16 acres of stunningly beautiful land available for further development and included in the offer price. A similar area of land adjacent to the Resort could be made available to a buyer if needed.

Other information

Financing available: Limited owner financing may be available, but a cash offer is sought and will be given preference.
Owner financing: Owner financing is available. Please contact the seller for more information.
Support & training: The hotel managers and staff expect to continue to be employed after the sale and are competent to run the business.
Price:
$3,700,000
Cash flow:
$175,000
Revenue:
$750,000
Seller financial available: Yes
Work from home: N/A
Franchise: No
Year established: 21
Employees: 36
Date: Sun 27 Mar 2011

Listing Expired!

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