Thailand is a popular tourist destination and, to many of those with an entrepreneurial spirit, it is an attractive country in which to operate a hotel business. Phuket, for example, is a bustling tourist hotspot and sees some of the highest levels of foreign investment in the hotel industry.
Developing a new hotel from scratch, however, may not be an ideal choice for someone who lacks experience in the field. Hence, entrepreneurs with sufficient financial support often choose to acquire an existing hotel.
Acquiring an already established hotel business can ease the process of governmental approval procedures, and it can provide an instant source of income through its existing client base and facilities.
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