One of the main advantages of hotels in the Sukhumvit area is that tourists are more likely to book a hotel near Terminal 21 which is one of the most well-known shopping centre in the area. This is good news for investors because the Four Points by Sheraton Bangkok Sukhumvit is currently for sale. For investors who are planning to enter the Phuket market, the Novotel Phuket Karon Beach Resort & spa is also being listed for sale. These two hotels can be negotiated through an international tender process that will be handled by Hotels & Hospitality Group of JLL.
The current manager of Four Points by Sheration Bangkok Sukhumvit is the Marriott International. It has 268 rooms in a total land area of around 900 square wah or 3,600 square meters. The hotel is located in a prime spot in Sukhumvit Soi 15.
The manager of Novotel Phuket Karon Beach Resort & Spa is the AccorHotels. The hotel was remodelled and was launched in 2014. The total land area is around 12 rai or 18,610 square meters which is located at the northern part of the Karon Beach. The resort is family friendly and has 224 rooms available with key features such as water slide, kids club, swimming pools and an extensive spa.
According to JLL Hotels & Hospitality Group Asia’s international director handling investment sales, Mike Batchelor, the country has good infrastructure system as of the moment but the tourism industry continues to flourish because of reputation and strategic location. This is the reason why it remains to be the most widely visited country by holiday goers.
These factors remain to be the reason why they are receiving a lot of investors but they have been subjected to the same issue which is the fight to get assets that are worth investing especially in big cities like Phuket and Bangkok.
This is why they are confident that they will attract a lot of investors with the sales of the two hotels managed by two well-known hotel management companies in the world. Investors will be either grabbing a hotel near Terminal 21 or one that is located at one of the best beaches in Thailand.