Hotel for sale in Phuket, Thailand
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Most hotels for sale in Phuket Thailand for sale are located on the west coast. These include luxury beach hotels in popular tourist destinations, holiday villas, boutique hotels, and bungalows.
Sale hotels in Phuket. Having your hotel in Phuket has several advantages, the main of which is to attract crowds of tourists even in the "hot" season and make money on it. The presence of a swimming pool and a cozy courtyard will allow visitors to relax. Phuket is also a resort with a developed infrastructure, and if necessary you can easily find restaurants, bars, markets, shops, and entertainment for all tastes in Phuket.
Many people sell hotels in Thailand for their comfort and space in Phuket. These luxury guest houses have many bedrooms and bathrooms, so they can comfortably accommodate a group of vacationers, including pets, which is impossible in the apartment.
Sale hotel can be called a profitable investment. Renting luxury hotels is quite expensive, so the return on business investment can reach 10% per year. In addition, Phuket has special management companies that are ready to deal with all issues related to finding tenants, concluding contracts, and a certain percentage of the cost of renting a hotel.
Prices for Phuket hotels depend on several factors, including area, yard, garden, and pool. Furniture, interior design, and location in Phuket are also important. Another important sale factor is the distance to the beach; experienced investors in Phuket recommend buying a hotel no more than 5 km from the beach.
The sale of the hotel is no different from the sale of the house. The issue of land sale deserves special attention because under Thai law a foreigner cannot become the owner of land in the kingdom. Citizens of other countries have two options for purchasing land in Phuket: enter into a long-term lease agreement or register the land as a commercial property on behalf of a legal entity in Phuket.
In the first case, the process of selling and concluding a lease agreement is quite simple: contact the land department of Thailand and agree with the landlord (the total lease term can be up to 90 years). If the sale agreement for business buyers is in the form of a resort for sale of commercial real estate, it is necessary to register the agreement NDA with the resident company for a shareholder of the Kingdom (the law prohibits a foreigner to have a controlling stake). Then you sell the land on behalf of the legal entity and the partner waives any ownership, you remain the full owner. This method in Phuket will take more time and money to register and maintain the hotel license of your business.
In any case, a sale hotel in Phuket, Patong without the services of specialists cannot be done, because all the documentation is Thai, and you need to consider the nuances of paying taxes and fees depending on the form of business ownership. You can contact real estate professionals in Phuket, Patong to help you find the best option for your money, offer a safer way to register, and make a purchase agreement. If business owners are interested in buying a hotel on the island, you can take the first step to your dream!