Kairox Capital
Chiang Mai • Thailand
Find • Renovate • Operate
We identify undervalued assets in Chiang Mai, renovate to hospitality standards, and operate them for superior returns.
Licensed STR compliance
ROI-focused
Local team
01
Sourcing
Off-market scouting, due diligence, licensing feasibility, and financial modelling.
02
Renovation
Design & build, FF&E, project management, weekly budget control, and QA.
03
Operation
Branding, listings (Airbnb/Booking/Agoda), revenue & channel management, housekeeping.
Our 6-step process
Step 1
Deal Sourcing
Neighborhood scan • broker network • off-market leads
Step 2
DD & Numbers
Capex estimate • legal checks • revenue forecast
Step 3
Design & Build
Concept • permits • schedule • site supervision
Step 4
Go-Live
Photography • listings • pricing engine • SOPs
Step 5
Operate
Housekeeping • maintenance • guest comms • reviews
Step 6
Optimize
A/B pricing • upsells • OTA mix • monthly P&L
Selected assets
See moreReal properties in Chiang Mai operated by our team and partners.
Aphrodite Pool Villa
Old City • 7BR
STR Licensed
Full makeover, garden/pool refresh, STR launch across 3 OTAs.
Rwanda Naziza
Old City • 5BR
STR Licensed
Structural upgrades, interior package, occupancy ramp-up plan.
Stunning Pool Villa Old Town
Old City • 5BR
STR Licensed
Light reno & FF&E, positioned for families & groups.
Engagement models
Advisory
from 2% of Capex
- Feasibility & DD
- Budget & timeline
- Licensing map
Co-Development
success fee + mgmt
- Design & build PM
- Procurement & FF&E
- Pre-opening setup
Operate
revenue share
- Channel & revenue
- Housekeeping & maintenance
- Owner dashboard
Let’s build in Chiang Mai
Tell us about the asset you’re eyeing (district, size, condition). We’ll reply with a quick underwriting.