OFF MARKET RESORT! Great Krabi location, Luxury Hotel / Condos!

This is a great OFF MARKET investment for a mid-sized investor who wants a hands-on management group already in place or wants to manage themselves, or even put in a brand.

80 Keys spread out among 4 buildings made up of 1, 2 and 3 bedroom units, all of which live LARGE.
Most have pool view.

One of the greatest things about this resort (besides the solid bones from quality construction) is the proximity to great restaurants. If you walk toward the beach, there is almost every type of food known to man available within a few hundred yards.

However, if you go the other way, there are dozens of the best local restaurants in the area who pride themselves on being the best food in Thailand (you can decide for yourself).

The end result is a great location for a holiday with plenty of space to bring the whole family for an extended stay. This will obviously have a positive impact on the bottom line --r any prospective buyer. Ancillary income from restaurants and other additional charges is an untapped gold mine, as the wine bar has been closed since Covid. The upkeep is managed by the owners, however, and it’s all ready to go with a turn of the key and a quick dusting.

A major renovation was undertaken in 2018, and just as the numbers came up to where they were supposed to be, Covid struck and places like Krabi were hit hard. As such, the numbers show tremendous promise (still) but are kind of hit and miss as Krabi has been a bit behind in the recovery.
Because of this, we are willing to offer this delightful turn-key property for 500,000,000 thb, even though the appraised value was more than 15% higher than that.