The financial situation of this property has forced the owner to consider selling or taking on an equity partner to alleviate problems with the bank. The property itself is quite desirable, being located in Pakchong City, the gateway to the northeast area of Isaan. In business for 10 years, the resort is weighed down by a loan made before the devaluation of the baht eight years ago and this loan needs to be retired by one means or another. The selling price the owner is looking for is $150 million baht or negotiations can be entered into with the bank. The owner wishes to keep the property somehow and bring in a partner. There are 10 rai of land, offering plenty of potential for future expansion and the business is currently operating on a profitable basis absent the loans. Located only 170 kilometers from Bangkok and 40 kilometers from Khao Yai National Park, the resort has 140 rooms, a restaurant, massage and snooker facilities, a driving range, swimming pool and meeting and conference facilities featuring theater seating for up to 700 people. The property has been well-maintained and professionally managed. Contact for more information on this Resort business for sale. (Ref: TH120/05)