31 bedroom Commercial property in Chiang Mai, Thailand No. 1550
ID1550
$ 5 577 540
Property description
5-Star Hotel for Sale in The Most Prime Area of Chiang Mai Old CityDiscover a unique investment opportunity with this hotel venture seamlessly blending Renaissance and Lanna aesthetics, strategically situated in the historic heart of Chiang Mai's Old City. Explore this extraordinary masterpiece today on a viewing with - Chiang Mai's Leading Real Estate Agency.Sale Price: ฿190,000,000 (Freehold)Key Details:- Room Rates: ฿3,000 to ฿10,000 per night
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- Gold House: ฿50,000 per night
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- Monthly Income: Approx. ฿2 Million
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- Land Size: 655 Sq.Wah
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- Usable Area: 4,500 Sqm
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- Unique Blend of Renaissance Architecture and Lanna Style
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- 5 Distinctive Buildings with a Total of 31 Rooms
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- Floors: 3
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- Licenses: Hotel Operations, Alcoholic Beverages, and Tobacco
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- Foreigner-Focused Customer Base (Approx. 99%)
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- Year-Round Occupancy Rate: 85%
- Investment Opportunity:
- Strong Foreign Visitor Customer Base
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- Ultimate Wedding Venue
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- Unique and One-of-a-kind Styling
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- Absolute Prime Location
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- Full Disclosure on Client Numbers and Balance Sheet
- Explore this one-of-a-kind hotel opportunity with Renaissance and Lanna influences, strategically located in Chiang Mai's revered Old City. for a full property presentation Find More Commercial Properties in Chiang Mai
- Monthly Income: Approx. ฿2 Million
-
- Land Size: 655 Sq.Wah
-
- Usable Area: 4,500 Sqm
-
- Unique Blend of Renaissance Architecture and Lanna Style
-
- 5 Distinctive Buildings with a Total of 31 Rooms
-
- Floors: 3
-
- Licenses: Hotel Operations, Alcoholic Beverages, and Tobacco
-
- Foreigner-Focused Customer Base (Approx. 99%)
-
- Year-Round Occupancy Rate: 85%
- Investment Opportunity:
- Strong Foreign Visitor Customer Base
-
- Ultimate Wedding Venue
-
- Unique and One-of-a-kind Styling
-
- Absolute Prime Location
-
- Full Disclosure on Client Numbers and Balance Sheet
- Explore this one-of-a-kind hotel opportunity with Renaissance and Lanna influences, strategically located in Chiang Mai's revered Old City. for a full property presentation Find More Commercial Properties in Chiang Mai
Chiang Mai - Statistics
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| Parameters | Chiang Mai |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 402.76 |
| Apartment (1 bedroom) Outside of Centre | $ 245.82 |
| Apartment (3 bedrooms) in City Centre | $ 749.41 |
| Apartment (3 bedrooms) Outside of Centre | $ 479.92 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 2 037.80 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 1 107.50 |
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| Parameters | Chiang Mai |
|---|---|
| Crime Index | 21.75 |
| Cost of Living and Rent Index | 20.97 |
| Purchasing Power Index | 60.46 |
| Property Price to Income Ratio | 11.58 |
| Safety Index | 78.25 |
| Traffic CO₂ Index | 5236.00 |
| Traffic Inefficiency Index | 94.20 |
| Rent Index | 9.06 |
| Health Care Index | 84.87 |
| Groceries Index | 40.63 |
| Pollution Index | 77.79 |
| Traffic Commute Time Index | 24.92 |
| Restaurant Price Index | 18.90 |
| Climate Index | 75.93 |
| Cost of Living Index | 30.63 |
| Quality of Life Index | 143.61 |
| Traffic Index | 111.98 |
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| Parameters | Chiang Mai |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 1.77 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 17.72 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 7.09 |
| Domestic Beer (0.5 liter draught) | $ 2.22 |
| Imported Beer (0.33 liter bottle) | $ 3.84 |
| Coke/Pepsi (0.33 liter bottle) | $ 0.61 |
| Water (0.33 liter bottle) | $ 0.34 |
| Cappuccino (regular) | $ 1.76 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.60 |
| Loaf of Fresh White Bread (500g) | $ 1.49 |
| Eggs (regular) (12) | $ 2.05 |
| Local Cheese (1kg) | $ 14.52 |
| Water (1.5 liter bottle) | $ 0.50 |
| Bottle of Wine (Mid-Range) | $ 17.72 |
| Domestic Beer (0.5 liter bottle) | $ 1.80 |
| Imported Beer (0.33 liter bottle) | $ 3.53 |
| Cigarettes 20 Pack (Marlboro) | $ 4.43 |
| Apples (1kg) | $ 2.65 |
| Chicken Fillets (1kg) | $ 2.79 |
| Oranges (1kg) | $ 1.27 |
| Potato (1kg) | $ 1.35 |
| Lettuce (1 head) | $ 0.67 |
| Rice (white), (1kg) | $ 1.20 |
| Tomato (1kg) | $ 1.53 |
| Banana (1kg) | $ 1.15 |
| Onion (1kg) | $ 1.14 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 10.53 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 0.89 |
| Monthly Pass (Regular Price) | $ 23.63 |
| Gasoline (1 liter) | $ 1.20 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 21 411.70 |
| Taxi Start (Normal Tariff) | $ 1.26 |
| Taxi 1km (Normal Tariff) | $ 1.33 |
| Taxi 1hour Waiting (Normal Tariff) | $ 3.54 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 22 504.43 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 65.05 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 18.45 |
| $ 13.16 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 679.27 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.00 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 35.45 |
| Tennis Court Rent (1 Hour on Weekend) | $ 6.50 |
| Cinema, International Release, 1 Seat | $ 5.91 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 56.61 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 30.71 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 82.69 |
| 1 Pair of Men Leather Business Shoes | $ 64.97 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 467.61 |
| International Primary School, Yearly for 1 Child | $ 13 416.59 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
Contact the seller
Chiang Mai
Commercial property
31
4500 m²
- m²
- sq. ft
$ 5 577 540
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