Direct financial investment in the hotel sector in Thailand reached 10.7 billion baht in the very first half of 2017, with offers to purchase 5 hotels in Bangkok and Pattaya, according to JLL Hotels & & Hospitality Group.
The is around 11.45% more than the full-year financial investment volume in 2016 of just 9.6 billion baht, stated Mike Batchelor, head of financial investment sales Asia.
JLL anticipates full-year hotel financial investment volume in Thailand to reach over 14 billion baht by the end of 2017.
This incomplete hotel on Sukhumvit Roadway in downtown Bangkok will be a brand-new Carlton hotel when it is opened in 2019.
Mr Batchelor stated purchasers were both domestic and local financiers, with the most recent hotel acquisitions being made by Carlton Hotel Group and Hotel 81, both from Singapore.
In June, JLL helped with Hotel 81’s acquisition of the Premier Inn portfolio, consisting of 2 hotels in Bangkok and Pattaya. With a cumulative secret count of 388, the portfolio marks Hotel 81’s very first endeavor into the Thai market. Hotel 81 has actually selected Travelodge to handle both hotels on its behalf.
Chakkrit Paul Chakrabandhu Na Ayudhya, a senior vice president of JLL Hotels and Hospitality Group, stated the portfolio was the very first abroad deal made by the purchaser, Hotel 81, the biggest owner of hotels in Singapore. The seller, Whitbread, is likewise the biggest owner of hotels in the UK.
In Might, Carlton Hotel Group of Singapore got an incomplete hotel job in Bangkok for 2.4 billion baht. Planned for conclusion in 2019, the 342-key hotel is anticipated to bring the Carlton Hotel brand name.
Karan Khanijou, another senior vice president, stated the acquisition by Singapore-based Carlton Hotel Group has actually been the biggest hotel offer openly revealed in Thailand.
” Considered that no hotels of a substantial size have actually been traded on the primary Sukhumvit Roadway, this offer has actually likewise set a brand-new benchmark cost,” he stated.
The other 2 hotels offered in the very first half of 2017 consist of Bangkok Edition Store Hotel and Swissotel Nai Lert Park in Bangkok. While the acquisition of the latter was revealed in 2016, the deal was finished just this year.
In 2015, 16 hotels and hospitality properties worth 9.6 billion were offered in Bangkok and significant provincial locations such as Phuket, Samui, Sri Racha and Chiang Rai.
