04/09/2025
Hostel in Bangkok near Emerald Buddha Temple (Wat Prakaew) is currently available for lease transfer.
Property Details:
Size: 380 square meters
3 floors
10 rooms, 34 beds
Shared bathrooms in all rooms
The building is a sublease from the Crown Property Bureau, located in the heart of Bangkok’s Old Town, with very convenient transportation access, situated on Charoen Krung Road.
Highlights:
Close to the Grand Palace and Wat Pho
2-minute walk to Sam Yot MRT station
Several city bus routes pass by
Legally registered hotel license (Type 2), with a restaurant
Current Income Sources:
Room rental
Bicycle tours
Bicycle rental
Café (food and beverage sales)
Tour and ticket bookings
Partnered with a French educational tour company that brings four large student groups per year, booking rooms and bike tours
Market expansion potential to other student groups during school holidays
Additional Information:
Hotel license (Type 2) obtained in early February 2020
Two contracts: a lease with the building rights holder and a sublease with the Crown Property Bureau
New contracts are issued every 2 years
Rent adjustments are based on the rates set by the Crown Property Bureau
The sublessee is responsible for building tax and fire insurance
One parking space is permitted in front of the hotel (by arrangement with Phra Ratchawang Police Station), at ฿2,000/month
Business has been operating since 2016, with ฿6 million invested in renovation and decoration
Highly rated on all booking platforms (8+), and received TripAdvisor Certificate of Excellence for 3 consecutive years
Supported by the Tourism Authority of Thailand and featured in eco-tourism guides
Ranked as the No.1 recommended hostel in Bangkok’s Old Town by French travel guide Le Routard
Price : reduced from 8mb to 5.8mb
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