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Old 09-12-2005, 01:42
Benjy Benjy is offline
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Join Date: Nov 2004
Location: Phuket
Age: 33
Posts: 500
Depends on what terms you can get the hotel.

No doubt they will be asking for some sort of key-money, or take-over money.

Generally these tend to be higher than any sort of income you can realistically support from the going concern. Why are they looking for someone to take over, If your going to be managing it for them for a salary, thats fine.

Thais tend to be VERY optimistic in terms of the value of what they have, For instance the Shophouse I rent, the next door neighbour wanted 50% more to rent her place per month and its also up for sale for 6.5 million baht+. I pay 15,000 baht a month for rent, on a 5 year fixed rate contract.

Personally I think you would be better off buying a place and creating a hotel/guesthouse.
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