Ramada Mira North Pattaya

Ramada Mira North Pattaya offers an opportunity to securely invest in a branded hotel development with the promise of high yields and hassle-free investment management. Ramada Mira North Pattaya is situated in one of Thailand's most popular and fastest-growing leisure destinations, providing a high occupancy rate and a stable return on investment. 

The hotel management will be undertaken by Ramada, a large multinational hotel chain owned by Wyndham Worldwide operating nearly 850 full-service hotels in 65 countries. The company’s loyalty program, Wyndham Rewards®, is the largest in the lodging industry, based on the number of participating hotels, with approximately seven million active members.

All investors in Ramada Mira North Pattaya will receive a guaranteed yield period for the first three years of operation, to be followed by a revenue-sharing model with 70% of revenue accruing to the investor. The hotel management company will serve both leisure and business guests with care and class. Serviced to the highest standard, the Ramada Mira North Pattaya offers purchasers an excellent opportunity for investment in an upscale hotel in one of the world’s busiest resort cities.

The developer behind Ramada Mira North Pattaya is Habitat Group, incorporated in 2012 and now one of Thailand’s foremost luxury developers with a strong track record of delivering similar successful hotel investments in the Pattaya area under the Best Western (USA) and X2 (Australia) brands. Habitat Group have also developed luxury pool villas as well as several high-end condominium projects under the ‘Walden’ brand in Bangkok. The company’s paramount vision is to establish Habitat Group as an instantly recognized and well-regarded international standard brand featuring world-class design and incomparable product quality under the corporate tagline “We aim to provide valuable information to buyers and help them make a safe investment whether it is for private living or rental“.

For further details including a brochure, floor plans and latest availability at Ramada Mira North Pattaya please contact us at info@richmonts.com or call/WhatsApp +66 (0)62 496 6454.

Investment model

There are multiple successful examples of hotel-branded investments in Thailand including the Banyan Tree, Four Seasons, W Residences, and Conrad. The key elements leading to the success of these developments are:

• Association with a market leader; a recognized and reputable brand
• Developed and managed by a premium hotel management company with a proven record
• Hotel and resort facilities with high standards
• A professionally managed rental program
• Part of the existing hotel chain inventory and infrastructure
• Built with an exceptional style and design, using the highest quality materials

Habitat Group’s projects rigorously follow all key success elements and also by ensuring the master plan, facilities and room layouts amply comply with 5-star hotel requirements.

In addition to a regular investment income, all purchasers at Ramada Mira North Pattaya will also be assured of capital gain from land appreciation and the property’s brand growth, as well as the right to stay for free for 14-days every year. This right can also be passed to friends and relatives.
 

Hotel specifications

The total land area of the development is just under 2.5-Rai or 1,199 sqm. There are 2 buildings, each with 8-floors. There are 339 rooms and car parking for 70 cars. The development is FREEHOLD with a hotel license and a management contract in place with Ramada for 30-years.

Hotel facilities are extensive and include an on-site restaurant offering all-day dining options. There is also a pool bar and an outdoor lap pool, a shallow pool, a lagoon pool, a childrens’ pool and a jacuzzi.

Also provided will be a landscaped outdoor recreation area with a kids’ club including a tree house. There will be a business centre for the use of business guests and a ballroom for special events. 

There is a choice of three types of rooms for investors to purchase. All are designed with thoughtful touches to balance an upscale ambience with functionality, and all are delivered fully-furnished and ready to move-in:

Type A Deluxe Rooms - 29 sqm - prices from THB3,973,000 (THB137,000/M2) with a 6% yield generating an income of THB19,865 per month.

Type B Junior Suite - 45 sqm - prices from THB5,673,100 (THB124,957/M2) with a 6% yield generating an income of THB28,366 per month.

Type C Suite - 55 sqm - prices from 7,402,800 (THB133,687/M2) with a 6% yield generating an income of THB37,014 per month.

Construction of Ramada Mira North Pattaya has already started and will complete in Q2, 2022.

Prices & Invesment

Prices start from THB3,973,000 (US$121,535, HK$942,230, SG$171,742, CNY854,763, EURO111,127)

Payment terms for Ramada Mira North Pattaya are generous with the option for buyers to benefit from interest on their deposits during the construction period. A booking fee of THB50,000 is required to secure a Type A unit, THB100,000 is required to book a Type B or a Type C unit. 

Thereafter 15% deposit is required within 14-days of booking. A further 15% deposit is required in 24 equal installments during the construction period.

There are no further payments required until completion in Q2 2022 at which time the remaining 70% will be due. Mortgages upon completion are available for all qualified buyers (Thai and foreign).
 

Special additional benefits: Buyers who pay 50% deposit will receive 4% yield on their advance payment during the construction period. Buyers who pay 100% deposit will receive 5% yield on their advance payment during the construction period.

Guaranteed income: All buyers will receive a rental yield of 6% for 3-years paid monthly directly to their bank accounts. After the guaranteed income period buyers will receive 70% of pooled hotel revenue after expenses to be paid on a quarterly basis.

Hotel management term: Ramada will manage the hotel for 30-years providing all buyers with a secure income for this period. Thereafter the management contract may be renegotiated.

For a limited period only: Buyers will receive between THB200,000 to THB400,000 discount upon completion and ownership transfer.

No management fee: During the guaranteed income period buyers will not pay any management fee. Thereafter the management fee will be deducted from pooled income before disbursement.

Special exit option: For a limited period the developer is offering a guaranteed buy-back at the original purchase price after 5-years.

For further details including a brochure, floor plans and latest availability at Ramada Mira North Pattaya please contact us at info@richmonts.com or call/WhatsApp +66 (0)62 496 6454.