Studio condo Patong Phuket beach near

Phuket Palace is hotel-managed on-site. Amenities include a communal pool, gym, 24-hour security, CCTV, lift access, reception-lobby, car parking, on-site restaurant, cigar lounge, and landscaped garden. Hotel management is key for STR operators: the juristic person handles guest turnover, linen, and daily operations — a major advantage over self-managed rentals.

This is a pure-yield play for STR investors or repeat-visitor expats seeking a low-friction rental asset. Industry data indicates Patong studios gross 9–12% annually across the broader market, though net yields (after OTA commissions, CAM fees, management charges, and realistic 25–30% vacancy allowance) settle into the 3.5–5.5% band. Occupancy runs 70–80% year-round gross, but 65% net after cancellations. Critical: sub-30-day rentals require a hotel licence under Thailand's Hotel Act B.E. 2547. Verify the building's licence status and whether the juristic person permits STR — house rules can ban it regardless of law. Patong's own saturation (717+ listings) and nightlife-noise are downsides for passive investors seeking stability; it outperforms only when you prioritize cash yield over capital growth or family use.