Buying a hostel / guesthouse

Ask us anything. Cambodia Expat's Online has a huge community of long term expats that can answer any question you may have about life in Cambodia. Have some questions you want to ask before you move to Cambodia? Ask them here. Our community can also answer any questions you have about how to find a job or what kind of work is available for expats in Cambodia, whether you're looking for info about Phnom Penh, Siem Reap or anywhere else in the Kingdom. Don't be shy, ask CEO's members anything!
Mr. Yuck
Expatriate
Posts: 39
Joined: Wed Nov 14, 2018 7:26 pm
Reputation: 7
Bhutan

Buying a hostel / guesthouse

Post by Mr. Yuck » Wed Nov 14, 2018 7:34 pm

Greetings,

Curious if anyone here has ran / bought a hostel or guesthouse in Cambodia. Would like to know your experiences and or thoughts. Cheers
User avatar
frank lee bent
Expatriate
Posts: 10756
Joined: Sat May 17, 2014 4:10 am
Reputation: 1649
Australia

Re: Buying a hostel / guesthouse

Post by frank lee bent » Wed Nov 14, 2018 7:44 pm

Here in poipet you can rent a hotel room for $3300 a month with a casino license. Why mess around?
User avatar
clutchcargo
Expatriate
Posts: 1940
Joined: Mon Mar 26, 2018 3:09 pm
Reputation: 701
Cambodia

Re: Buying a hostel / guesthouse

Post by clutchcargo » Wed Nov 14, 2018 8:03 pm

Depends on whether you want to run/buy a yucky or not so yucky one :stir:
Barang chgout
Expatriate
Posts: 2925
Joined: Mon Dec 01, 2014 11:36 am
Reputation: 622

Re: Buying a hostel / guesthouse

Post by Barang chgout » Wed Nov 14, 2018 8:18 pm

frank lee bent wrote:Here in poipet you can rent a hotel room for $3300 a month with a casino license. Why mess around?
You have arrived then?
Welcome back, if I may say so.

Sent from my SM-G570Y using Tapatalk

Rogue
Expatriate
Posts: 96
Joined: Tue Oct 16, 2018 5:24 am
Reputation: 19
Honduras

Re: Buying a hostel / guesthouse

Post by Rogue » Thu Nov 22, 2018 11:33 am

Mr. Yuck wrote:
Wed Nov 14, 2018 7:34 pm
Greetings,

Curious if anyone here has ran / bought a hostel or guesthouse in Cambodia. Would like to know your experiences and or thoughts. Cheers
Lonestar is for sale. Go chat him up.
User avatar
vanessa.colwell
Tourist
Posts: 1
Joined: Wed Jan 23, 2019 1:13 pm
Reputation: 0

Re: Buying a hostel / guesthouse

Post by vanessa.colwell » Wed Jan 23, 2019 1:23 pm

Did you end up getting any answers to this? Keen to hear :-)
Anchor Moy
Expatriate
Posts: 9083
Joined: Wed May 28, 2014 11:37 pm
Reputation: 1128
Tokelau

Re: Buying a hostel / guesthouse

Post by Anchor Moy » Wed Jan 23, 2019 1:41 pm

vanessa.colwell wrote:
Wed Jan 23, 2019 1:23 pm
Did you end up getting any answers to this? Keen to hear :-)
Do you want to say more about this ? If you do, posters might be more helpful. Location is very important, and buying a guesthouse in Sihanoukville, Siem Reap, Phnom Penh, or in the provinces are all very different propositions.
User avatar
IraHayes
Expatriate
Posts: 830
Joined: Sat May 17, 2014 7:38 am
Reputation: 311
Marshall Islands

Re: Buying a hostel / guesthouse

Post by IraHayes » Wed Jan 23, 2019 1:48 pm

The hostel sector is pretty saturated and I was happy to get out when I did. Quite simply put there are more places and less western tourists these days. I would be happy to answer any questions on here or over a beer but I would only run a backpack hostel again if I owned the building. And I loved running the hostel. And more importantly the guests liked what I was doing :)
Barang chgout
Expatriate
Posts: 2925
Joined: Mon Dec 01, 2014 11:36 am
Reputation: 622

Re: Buying a hostel / guesthouse

Post by Barang chgout » Wed Jan 23, 2019 2:17 pm

IraHayes wrote:The hostel sector is pretty saturated and I was happy to get out when I did. Quite simply put there are more places and less western tourists these days. I would be happy to answer any questions on here or over a beer but I would only run a backpack hostel again if I owned the building. And I loved running the hostel. And more importantly the guests liked what I was doing :)
Wanna buy a place in Osoam?

Sent from my SM-G570Y using Tapatalk

explorer
Expatriate
Posts: 1404
Joined: Sat Apr 14, 2018 9:37 pm
Reputation: 480
Australia

Re: Buying a hostel / guesthouse

Post by explorer » Wed Jan 23, 2019 3:45 pm

If you lease a place the lease is normally too high. The owner of the property makes money and the people doing the work normally make very little. There are enough gullible people to lease these places, so leases remain high.

If you happen to find a property to lease at a good price, and run a successful business, expect them to put the lease up. So you still wont make a lot of money.

At the present time real estate prices are high in Cambodia. Not a good time to buy.

Then look into what is involved with foreigners owning property.

If you are going to run a place like this, you need some way of making your business attract more customers than ordinary places.
## I thought I knew all the answers, but they changed all the questions. ##
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: Rama and 135 guests