Licensed 62-Key Boutique Hotel | Old City | Chiang Mai

62-key boutique hotel · 3,000 sqm · ฿115M · Thai company structure · Si Phum, Old City, Chiang Mai

Fully licensed and actively trading from day one, with a rooftop bar and social space above the Old Citys north edge. 62 keys and 66 bathrooms, a swimming pool and 24-hour security across 3,000 sqm built on a 315 sq wah plot, on Changphuak Soi 4 — a quiet side soi set back from the main arterial road, so guest floors avoid direct traffic noise. Priced at roughly ฿1.85M per key, with the hotel licence already in hand, one of the slowest parts of Chiang Mai hotel due diligence is already cleared.

The hotel takes live bookings across the major OTA platforms with a current guest-review history. North Gate Night Market is a 4-minute walk and Wat Lok Molee a 5-minute walk; Chiang Mai International Airport is 7 km, about 17 minutes by car. Reduced from ฿130M, the asset sits against a Chiang Mai commercial gross-yield benchmark of ~4.9% with 70–75% city occupancy through the 2025 high season, on the Old Citys north side away from the rivers worst flood overflow.

• Price: ฿115,000,000 (reduced from ฿130,000,000) · ~฿1.85M per key

• Size: 3,000 sqm built · 315 sq wah land · 62 keys · 66 baths

• Licence: full hotel licence · actively trading on major OTAs

• Ownership: held via Thai company structure · 2% transfer fee

• Features: swimming pool · rooftop bar · 24hr security · CCTV · A/C

• Yield: ~4.9% gross (Chiang Mai market benchmark, not asset-specific)

• Distance: 4-min walk North Gate Night Market · 17-min drive airport