Beach Resort Business for Sale in Saracen Bay on Samloem

Yerg · Post by **Yerg** » Fri Aug 14, 2020 12:31 am

Teddy1 wrote: ↑Thu Aug 13, 2020 4:35 pm
Apollo91881 wrote: ↑Thu Aug 13, 2020 12:32 pm
Doc67 wrote: ↑Thu Aug 13, 2020 11:08 am
Teddy1 wrote: ↑Thu Aug 13, 2020 10:57 am
Doc67 wrote: ↑Thu Aug 13, 2020 10:41 am

I wouldn't buy a burger stand here.
Alright, (head down) I'll settle for an English pub then.
Are you on an economic suicide mission?
"head down" ... sounds like it
Guys Im just being facetious and my attempt at humor. Obviously lost in text.
Id be very cautious with buying a business in this climate. Though I have a friend that just opened a tea shop in England and shes doing very well.

I can say for certain that Doc & I got your humour!!!

Yerg · Post by **Yerg** » Fri Aug 14, 2020 12:33 am

newkidontheblock wrote: ↑Thu Aug 13, 2020 10:10 pm I think this a golden opportunity for luxury resorts right now.

The ultra rich value time above all else. The Khmer ultra rich are currently trapped on the Kingdom like everyone else. Going abroad to their favorite resorts means a 14 day quarantine. They don’t have 14 days to waste and will pay extra not to waste it. Like going to a local luxury resort.

How valuable is time to the people? They send their luggage ahead of them, so all clothes is washed, dried, pressed, hanging for use or in drawers BEFORE they arrive. The resort knows exactly what beds, pillows, etc, they want and waiting for them. Same goes for food, excursions.

Every minute is maximized to exactly what they want. No minute is wasted on waiting, or something they didn’t want.

They don’t shop for deals or bargains. They pay for what they want.

Golden opportunity right now.

So we can expect to see the NKOTB Guest House soon???

armchairlawyer · Post by **armchairlawyer** » Fri Aug 14, 2020 9:22 am

newkidontheblock wrote: ↑Thu Aug 13, 2020 10:10 pm I think this a golden opportunity for luxury resorts right now.

The ultra rich value time above all else. The Khmer ultra rich are currently trapped on the Kingdom like everyone else. Going abroad to their favorite resorts means a 14 day quarantine. They don’t have 14 days to waste and will pay extra not to waste it. Like going to a local luxury resort.

How valuable is time to the people? They send their luggage ahead of them, so all clothes is washed, dried, pressed, hanging for use or in drawers BEFORE they arrive. The resort knows exactly what beds, pillows, etc, they want and waiting for them. Same goes for food, excursions.

Every minute is maximized to exactly what they want. No minute is wasted on waiting, or something they didn’t want.

They don’t shop for deals or bargains. They pay for what they want.

Golden opportunity right now.

Er, this particular deal is offering a lease on some wooden bungalows that did not merit a photo in the sales pitch.

As for the idea that luxury resorts have a great future from the Khmer hi-so market, the problem with that is there are already a lot of luxury resorts that were catering to the foreign tourist market and that was larger than the potential increase in the Khmer market., so it's a net loss.

If you want to look for a positive sector, look at healthcare. Cambodia did not have much inbound demand to lose because nearby alternatives were more attractive. But the wealthy Khmers can no longer go abroad for their needs. The Royal PP Hospital is doing well.

Doc67 · Post by **Doc67** » Fri Aug 14, 2020 11:05 am

Yerg wrote: ↑Fri Aug 14, 2020 12:31 am
Teddy1 wrote: ↑Thu Aug 13, 2020 4:35 pm
Apollo91881 wrote: ↑Thu Aug 13, 2020 12:32 pm
Doc67 wrote: ↑Thu Aug 13, 2020 11:08 am
Teddy1 wrote: ↑Thu Aug 13, 2020 10:57 am

Alright, (head down) I'll settle for an English pub then.
Are you on an economic suicide mission?
"head down" ... sounds like it
Guys Im just being facetious and my attempt at humor. Obviously lost in text.
Id be very cautious with buying a business in this climate. Though I have a friend that just opened a tea shop in England and shes doing very well.
I can say for certain that Doc & I got your humour!!!

We both understand you @Teddy1. Nothing lost in text, I was just being dry.

Apollo91881 · Post by **Apollo91881** » Fri Aug 14, 2020 11:53 am

Doc67 wrote: ↑Fri Aug 14, 2020 11:05 am
Yerg wrote: ↑Fri Aug 14, 2020 12:31 am
Teddy1 wrote: ↑Thu Aug 13, 2020 4:35 pm
Apollo91881 wrote: ↑Thu Aug 13, 2020 12:32 pm
Doc67 wrote: ↑Thu Aug 13, 2020 11:08 am

Are you on an economic suicide mission?
"head down" ... sounds like it
Guys Im just being facetious and my attempt at humor. Obviously lost in text.
Id be very cautious with buying a business in this climate. Though I have a friend that just opened a tea shop in England and shes doing very well.
I can say for certain that Doc & I got your humour!!!
We both understand you @Teddy1. Nothing lost in text, I was just being dry.

ditto

basta.binici · Post by **basta.binici** » Sat Aug 15, 2020 8:57 pm

armchairlawyer wrote: ↑Thu Aug 13, 2020 11:49 am
Dunderhead wrote: ↑Sat Aug 08, 2020 5:59 pm I think the owners of most of these land plots are probably very wealthy. As such the price will probably remain totally out of touch with the new reality (tourists are never coming back in large numbers) and there will never be a sale.
True. The land is not for sale, however. It's just a lease. And btw, surely nobody would develop the site without owning the freehold or a lease a lot longer than 16 years?

I was at Saracen Bay two weeks ago. It was lovely and quiet. Great time to visit. No hurry though, even the most optimistic Thai operators are saying 2022 at the earliest for any tourism recovery. There were plenty of boats, all small speedboats so you get there quickly. The main problem, there was nowhere to relax in the daytime except in the hot sun, maybe beach umbrellas are banned.

16 years is a big time and people can calculate that the cost of construction divided by 192 months is a cost just like a rent concerning the size of the land and development. So many buildings (especially hotels) in Sihanoukville are rented for 15 years. Even last years of these leases are sold at the end.

armchairlawyer · Post by **armchairlawyer** » Sun Aug 16, 2020 11:11 am

basta.binici wrote: ↑Sat Aug 15, 2020 8:57 pm
16 years is a big time and people can calculate that the cost of construction divided by 192 months is a cost just like a rent concerning the size of the land and development. So many buildings (especially hotels) in Sihanoukville are rented for 15 years. Even last years of these leases are sold at the end.

I get your point if it is a refurbishment that doesn't cost a lot but if you do a major development, you are just gifting the whole thing to the freeholder after 16 years with no prospect of payback within 16 years, even assuming pre-Covid tourist demand. That said,I suppose in the heady days of SHV development, some investors did do some crazy deals!

Kammekor · Post by **Kammekor** » Sun Aug 16, 2020 11:34 am

basta.binici wrote: ↑Sat Aug 15, 2020 8:57 pm
armchairlawyer wrote: ↑Thu Aug 13, 2020 11:49 am
Dunderhead wrote: ↑Sat Aug 08, 2020 5:59 pm I think the owners of most of these land plots are probably very wealthy. As such the price will probably remain totally out of touch with the new reality (tourists are never coming back in large numbers) and there will never be a sale.
True. The land is not for sale, however. It's just a lease. And btw, surely nobody would develop the site without owning the freehold or a lease a lot longer than 16 years?

I was at Saracen Bay two weeks ago. It was lovely and quiet. Great time to visit. No hurry though, even the most optimistic Thai operators are saying 2022 at the earliest for any tourism recovery. There were plenty of boats, all small speedboats so you get there quickly. The main problem, there was nowhere to relax in the daytime except in the hot sun, maybe beach umbrellas are banned.
16 years is a big time and people can calculate that the cost of construction divided by 192 months is a cost just like a rent concerning the size of the land and development. So many buildings (especially hotels) in Sihanoukville are rented for 15 years. Even last years of these leases are sold at the end.

Doing major developments on a 16 year lease doesn’t make sense. Buildings are typically written off in 30 years of more. If you have to write it off in 16 years your costs will double, and I doubt the tax department will allow you to do so because your profit will be significantly reduced by this.

Maybe some non pro running a few wooden bungalows will be interested, but nobody With serious plans will give a 16 year lease even a second look.

wolfcreek · Post by **wolfcreek** » Sun Aug 16, 2020 12:00 pm

"The army is intolerant to the drugs there at Saracen Bay" Huh?? I was there earlier this week and smelled the not so deadly ganja a couple of times, and saw dozens of people openly using the very deadly nicotine drug and ethanol drug....

Doc67 · Post by **Doc67** » Sun Aug 16, 2020 12:11 pm

basta.binici wrote: ↑Sat Aug 15, 2020 8:57 pm
armchairlawyer wrote: ↑Thu Aug 13, 2020 11:49 am
Dunderhead wrote: ↑Sat Aug 08, 2020 5:59 pm I think the owners of most of these land plots are probably very wealthy. As such the price will probably remain totally out of touch with the new reality (tourists are never coming back in large numbers) and there will never be a sale.
True. The land is not for sale, however. It's just a lease. And btw, surely nobody would develop the site without owning the freehold or a lease a lot longer than 16 years?

I was at Saracen Bay two weeks ago. It was lovely and quiet. Great time to visit. No hurry though, even the most optimistic Thai operators are saying 2022 at the earliest for any tourism recovery. There were plenty of boats, all small speedboats so you get there quickly. The main problem, there was nowhere to relax in the daytime except in the hot sun, maybe beach umbrellas are banned.
16 years is a big time and people can calculate that the cost of construction divided by 192 months is a cost just like a rent concerning the size of the land and development. So many buildings (especially hotels) in Sihanoukville are rented for 15 years. Even last years of these leases are sold at the end.

I think the problem with this arrangement is that anyone leasing for 16 years knows that one day they will have to hand over the keys to what they have built or continue to rent as if they spent nothing on the development of the property or the building of the business as a going concern. The owners will not give a toss about all the tenant's efforts, they will just see it as theirs and all the value is theirs and they want 100% of the value on a new lease.

This is why the development will be 3rd rate and built on the cheap and past 10 years their wont do anything such as refurbishment. It will just get run into the ground and look like every other Khmer run shithole here because the clock is ticking ever more loudly.

The owners should do a joint venture with a serious developer and create something world class going way beyond 16 years. But the sad truth is the owners are probably a bunch of idiots who know they have acquired it by dint of luck (family - connections etc) and know, deep down, they are useless at anything except ordering Rolls Royce's in disgusting colour schemes. And serious hotel operators know this.

Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Re: Beach Resort Business for Sale in Saracen Bay on Samloem

Who is online

Register/Login to CEO with your Social Media Account: