Project Lantern

A boutique resort on Phuket's west coast, under 30 keys, with one restaurant and a pool, set on hillside land that its two Thai companies hold. It is licensed. It has no bank debt. Occupancy has run between 70 and 80%, and the business made a profit in FY2024 and FY2025. Travel agent commission took 25.8% of room revenue from January to April 2025. The shareholders want to sell both companies outright by share transfer. The property, the title, the accounts and the trading record are available after a confidentiality agreement. YMC Capital, an affiliate of the seller, runs the room.

FY2025A revenue

THB 23.4M

THB 20.8M in FY2024A

FY2025A EBITDA

THB 4.1M

17.7% margin

Occupancy

70 to 80%

FY2025

ADR

THB 2,500 to 3,000

FY2025

Revenue from unsigned statements (no auditor's report); occupancy and ADR from management accounts; bank debt from the balance sheets.

Scale: Under 30 keys, one restaurant, pool
Location: Phuket, west coast, hillside with sea view
Land: Four parcels held by the two companies under Nor Sor 3 Kor certificates. Title detail in the room.
Licence: Hotel licence current to September 2027
Ownership: Two Thai companies
Transaction: Sale of both companies by share transfer