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Four Star 80 Room Khao Lak Beach Resort for Sale

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Posted: 31 May 2009 | 11:01 am

The four star 80 room Royal Bangsak Beach Resort in Khao Lak has been put up for sale by the owners at an asking price of THB 250 million. Recently we have received a large number of comments from readers looking for hotel properties in Greater Phuket for sale and this is in response to those quieries.

Located in an established tourism market the hotel opened in January 2005. Located on 18 rai, all rooms are over 40 square meters and there are an additional 6 suite rooms that have been fitted out as shells but lack interior work. Facilities include two restaurants, two bars and one large function room.

Interested parties can contact adam@scandinavianthaihomes.com for more details or call mobile +66 86789 3741

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Bill, I believe that there are too many hotels in the Phuket area and there is a major slide in the values of real estate. I believe that prices are going to drop for the next two years. The Thai government and the people's infrastructure is very unstable. I have been visiting the Phuket area since 2004. The deals will be coming..

Bill Barnett responds:
It certainly looks that things will be coming a bit unglued during low season but currently the markets that are seeing hotels come for sale are those more seasonal such as Khao Lak, Samui, Krabi and upcountry. New builds that have some leveraging will be hit hard to service debt so thats the main market to motivate sales.

Scott, 01 Jun 2009 | 7:31 am

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