Luxury colonial 10-suite hotel for sale Chhlong | Kratie Province

Details

This rare and magnificent luxury colonial hotel which has been meticulously restored is now available for sale in Chhlong, Kratie Province.

Chhlong on the Mekong River, is a small town steeped in the past, giving a rare opportunity to step back in time.

The original mansion (circa 1916) was first renovated in 2008 and extensively updated to its former glory with an added, matching building and wooden pavilion (now restaurant).

The complex has a 10-suite boutique hotel, restaurant, lounge, bar, swimming pool, parking spaces, huge gardens, two commercial kitchens, office, housekeeping and storage areas.

The selling price includes property & land, renovation investments, unique Art Deco furniture, artwork, and 3 years of operating and marketing plan.

Hotel benefits:

• Unique historic and iconic building nestled on the Mekong – a major asset in the tourism industry.
• Invaluable heritage as this building is one of the greatest examples of colonial mansions remaining in Cambodia.
• The hotel is sold as is, fully operational, furnished, staffed and equipped with activities to promote the property.
• Business projections are positive as the hotel has an average occupancy rate of only 24% (break-even is 18%).
• The hotel can accommodate corporate workshops, retreats, fashion events, movies, etc.
• Chhlong is the gateway to northeast Cambodia and Vietnam, easily accessible from Phnom Penh.

Hotel special features:

• Renovated and built to western standards.
• 10 suites equipped with minibar, safety box, smoke detector, television and unique art and decorations.
• Bar with a small kitchen
• Restaurant of 45 seats with a huge professional fully equipped kitchen
• New power generator
• Lounge with pool table
• Reception/back office/housekeeping/maintenance and storage area
• Swimming pool with independent shower and lavatory
• Water storage and pump room
• Large secure parking area with 24-hour security and CCTV
• LMAP hard title, with potential for new owner to extend the business in the future.

Original ID: KCH.A1

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About Kratie province

Kratie is a province (its capital sharing the same name) located in the northeast of Cambodia, bordering Stung Treng, Mondulkiri, Kampong Thom, Kampong Cham and Vietnam.

Kratie has several temples built in the 8th century, as well as many and French-style buildings, and was one of the most densely populated regions of the pre-Angkorian era.

Lon Nol was the province’s governor in 1945 and during the Vietnam and Cambodian Civil Wars, it had a significant Vietnamese presence against Khmer Rouge, where intense fighting took place.

Operation Menu (1969-1970 US bombing campaign) targeting Vietnamese logistics in Cambodia and Laos, resulted in heavy bombardment of Kratie.

Recovering unexploded ordnance and de-mining has been a major focus since the mid-2000s.

In December 1978, Vietnamese forces captured Kratie to fight against Khmer Rouge.

About 140km of Mekong River flows from the north to the south of the province which is home to Irrawaddy dolphins, fish, and birds.

The flow of the Mekong varies greatly and there are hundreds of seasonally flooded islands in the river.

The province is mostly covered in dense forest yet craters from Operation Menu filled with water are still visible in the countryside.

Some land in Kratie is used for agriculture, though a smaller percentage than elsewhere in Cambodia.

The province has a monsoonal climate, with a cool season from Nov-Mar, a hot season from Mar-May, and a rainy season from May-Oct.

Flooding is still frequent in Kratie and the Mekong can overflow by as much as 4m during the rainy season.

Kratie is known for its attractive riverside scenery, green villages, paddies, and river dolphins.

Its fisheries are part of the Upper Mekong River Zone, which is an important support for migratory species and subsistence fishing.

Forests in Kratie tend to be open and less dense than elsewhere in Cambodia as they are generally made up of deciduous trees that lose their leaves during the dry season.

Most Kratie residents are subsistence farmers or fishers, with 78% of its residents employed in agriculture.

30% of households live on less than US$1 per day and the province’s poverty rate is lower than the national average.

Most soil in Kratie is poor and the province primarily grows perennial industrial crops like rubber, yet the region has a great potential for ecotourism.

Malaria and dengue fever rose sharply in the mid-2000s, largely attributed to climate change and Malaria is hyperendemic in Kratie’s forests.

The infant mortality rate of 97/1,000 and child mortality rate of 80/1,000 which is higher than the national average (68/1,000 and 53/1,000, respectively).

Although Kratie is one of the poorest provinces in Cambodia, in 2015 it was ranked fifth in the nation for the high-school exam pass rate.

Kratie schools struggle to attract good teachers and, although many are sent to the province from Phnom Penh, they seldom stay long due to low pay, leaving students having to study by themselves.

There is a substantial Vietnamese minority in Kratie province as well as seven indigenous groups.

Approximately 70% of the province’s residents live along the Mekong River, so the area beyond the river is sparsely populated.

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