Studio For Sale Ramada

Ramada Mira North Pattaya is a resort condominium located in the quiet part of the city center, not far from all the tourist attractions and important business areas. It takes only 90 minutes to travel from Bangkok, but still surrounded by the natural atmosphere of relaxation under the shade of trees and close to the beach. Ramada Mira North Pattaya is located within 200m from the largest shopping mall in the eastern part of Thailand (Terminal 21), with the concept of the world’s market street. Around 180,000 sq.m. of retail space with SF Cinema, supermarket, simulated beach, over 500 shops and restaurants, and 1,500 parking lots.

Ramada Mira North Pattaya will have an abundance of facilities including the main lobby, outdoor recreation area with the landscape, business center, ballroom, restaurant, lagoon pool, pool bar, jacuzzi, shallow pool, kids pool, fitness, kids club, lap pool. The Property will be managed by Ramada, under Wyndham Worldwide hotel group which is one of the largest and best-performing hospitality companies, with a global portfolio encompassing every segment of hospitality including, hotel lodging and managed vacation rentals.

Rental Guarantee condition:

30 years of the assured rental as follows:

Special promotion 6% NET rental guarantee fixed for the first 3 years.

Years 4-30 are paid by means of profit share with the hotel company: 70% in favor of the investor and 30% to the hotel.

(Forecasted returns of approx 6-9%)

Payment Terms:

Option 1

50,000-100,000 THB reservation deposit.

30% upon signing the Purchase Contract (within 30 days from the signature of Reservation Agreement).

20% within the next 6 months.

50% upon handover.

Option 2

50,000-100,000 THB reservation deposit.

100% upon signing the Purchase Contract (within 30 days from the signature of Reservation Agreement).

If payment made in full, the investor receives a full 5% ROI over the course of construction.

Other Owner benefits:

- Possibility for the Owner to use the unit 2 weeks per year (conditions apply)