Wyndham La Vita S2709
◦ 3 rooms (2 bedrooms + living room)
◦ View from the window: the sea and the territory
◦ Type of ownership: leasehold (surcharge for Freehold 10,000 Baht/1 sq. m)
Discount price: 11,500,000 Baht
* Furniture as a gift
Additional payments:
Sinking fund: 400 Baht/1 m² (35,280 Baht) - 1 time
Water and electricity meters: 5,000 Baht - 1 time
Transfer of ownership rights: 1% of the cost of the apartment (11,500 Baht) - 1 time
Complex maintenance: 60 Baht/1 m² per month (63,504 Baht) - once a year
Rent and profit:
◦ The hotel is managed by WYNDHAM Group (the world's largest hotel chain)
◦ Profit from rental is distributed: 80%/20%, where 80% of the profit is received by the owner of the apartment and 20% is taken by the hotel for the services of renting out the apartment. Payments are made annually.
◦ You can join the rental pool immediately after accepting the apartment.
◦ The expected profit for the owner from rent annually is 8-10% of the cost of the apartment (after deducting 20% to the hotel)
◦ The contract for renting out an apartment is concluded for 5 years with subsequent renewal every 5 years
WYNDHAM Group
The Wyndham Group is the world's largest hotel operator, with 9,200 hotels under 21 brands in 80 countries and a workforce of more than 40,000 people.
The Wyndham hotel brand was created in 1981 in Dallas, Texas and has since successfully grown into a major chain. All Wyndham hotels are either franchised or managed by Wyndham Hotel Management Inc.
The first hotel in Thailand managed by Wyndham opened in September 2010 in Bangkok, and in 2015 the first hotel was opened in Phuket. And now there are more and more of them every year.
All hotels of the chain are located in the most popular locations and provide high-quality service.
In 2021, Jun Aung Ooi, President of Wyndham Hotels & Resorts Pacific, recognized the potential of Thailand, particularly Phuket, once the borders opened, and decided to open more hotels in the next 3 years.