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Mangosteen Resort Repriced to Sell at THB 200 Million

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Posted: 27 Jun 2009 | 2:42 pm

The Mangosteen Resort in Rawai has been repriced in order to attract a rapid sale at THB 200 million according to owner Hajo von Keller who contacted thephuketinsider.com. According the Mr. von Keller the pricing is below replacement value. With 41 keys and an established market there is room to expand the existing room inventory. Given the recent front page article in The Nation about 100 hotels in Thailand for sale, there remain few existing hotel assets currently on the market.

Another high profile southern hotel property Lehman's Laem Ka Four Seasons site is currently in the market with Jones Lang LaSalle hotels from Singapore and there are expectations that a transaction may be forthcoming.

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May be the total price NOW is 330 million baht..from the initial 300 MB for the resort and 30 rai of land....
LAND FROM THE MANGOSTEEN
Beautiful sea- and mountain-view land adjacent to The Mangosteen Resort – approx 17 rai in yellow zone. Building up to 27 metres high is possible. Total price: 130 million baht. Freehold, Chanote. Several options available. For further details, please see our website at:

Bill Barnett responds:
Confirmed wiht Hajo the hotel only 41 keys going at THB 200 Million and the additional land another deal, wants to move the hotel asap.

Claude, 30 Jun 2009 | 3:09 pm

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