EBT1041 – Modern Bangkok Hostel for Sale – EXCLUSIVE

Having just opened in July 2008, this modern design 70 bed Bangkok hostel is growing in popularity amongst travelers from all over the world. Occupying approximately 500 square meters, the unique accommodations are made up of both dormitory and private rooms, as well as comfortable and inviting common areas for the guests to relax and meet fellow travelers. With very reasonable bed and room rates, the hostel offers an attractive alternative to the more traditional backpacker accommodation and guesthouses found in other parts of Bangkok. Situated in the Silom area of the city, the hostel is within easy reach of all public transportation, many cultural attractions, restaurants, and nightlife. The business also enjoys a long 12 year lease registered with the land department, with a 3 year renewal option, at a rate of 140,000 Baht per month. Revenues have been growing since opening and 2009 projections see revenues of 7,600,000 Baht net profits of 2,600,000 with only 40% occupancy. Further projections are available to interested parties as well. As the owners are young entrepreneurs who came in to this project with the intent to develop the hostel and then sell, they are now ready to offer the opportunity to a buyer for 21 Million Baht.

Asking Price: 21 Million Baht