Comfort hotel in Fisherman's village

A newly renovated small hotel located right in the heart of the tourist hub on Koh Samui - Fisherman Village for sale at great price!

This 6 years old hotel is a three storey building with a separate bungalow with 11 guest rooms. It has 8.5 booking.com rating and 70% average occupancy throughout the year. This budget hotel offering 5 different types of guest rooms accommodating different guests from around the world. It is only 100 meters to the famous Fisherman’s Village walking street and market, 200 meters to the sea and 500 meters to the Wharf, where all the popular restaurants and bars located.

The ground floor (not pictured above) consists of two rooms which can either be used for staff or owner rooms or can be used as additional guest rooms. One room has the capacity to be a dorm room with capacity 10 - 12 people in bunk style beds. Other room can be a standard A/C room or additional dorm room. The property also comes with an onsite kitchen and laundry with 2 operating washing machines.

Opportunity for growth

The ground floor rooms can be converted into the hostel for 10-16 people with a shared kitchen thus adding about 25-30% revenue. The rooftop can be opened into a bar and/or bouquet restaurant open to both guests and non-guests with amazing views of the ocean and Fisherman’s Village.

Details/facilities

• Hotel size: 70 sq wah or 280sqm
• Room number: 11
• Rooms size:15-20 sqm
• Internet 20 MB and cable TV
• Onsite deep well (free water)
• A/C in some guest rooms

Occupancy Rate

• High Season: 80 - 90% occupancy
• Low Season: 35-45% occupancy
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Revenue

• High Season Revenue: 180,000 - 200,000 per month
• Low Season: 80,000 - 100,000 per month
• Yearly Revenue: estimated for 2019 calendar year to be 1.5 - 1.75 million.
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Fixed Expenses

• Rent: 67,000 p/m
• Bungalow: 7,000 p/m
• Electricity: average of 8600 p/m
• Internet/phone: 1200 p/m
• Wages: 25,000 p/m; full time housekeeper, full time receptionist
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• Sale Price:
• Business + leasehold rent. Currently 15 year lease agreement.
• 6,650,000 THB +1,200,000 THB(rent paid in advance)

Contact us today to arrange for a viewing or ask for more information!