Direct investments in the hotel sector of Thailand have reached at least 10.7 billion baht for the first half of 2017. According to JLL Hotels & Hospitality Group, the investments include deals to buy 5 hotels located in Bangkok and Pattaya. JLL further expects that volume of full-year hotel investment in Thailand will reach more than 14 billion baht by the end of the year.
According to Mike Batchelor, the head of investment sales in Asia, direct investment is 11.45% more than the full year investment volume in 2016 that only generated 9.5 billion baht. Mr. Batchelor said that most of buyers were domestic and regional investors. The latest acquisitions were made by Carlton Hotel Group and Hotel 81 that are based in Singapore. This affirms the position of Thailand as one of the most attractive hotel investment destinations of the world.
Last June, JLL has facilitated Hotel 81’s acquisition of Premier Inn portfolio including two hotels that are located in Bangkok and Pattaya. The portfolio will mark the first venture of Hotel 81 into the Thai hospitality market. The two hotels that were acquired by Hotel 81 will be managed with Travel Lodge on its behalf. Hotel 81 is the largest hotel owner in Singapore and the portfolio is the first transaction they made. Whitbread, the seller, is also a large owner of hotels in the United Kingdom.
Last May, the Carlton Group of Singapore has acquired an unfinished hotel project situated in Bangkok for about 2.4 billion baht. If plans push through, the project will be completed in 2019. The 342-key hotel will be carrying the Carlton hotel brand. Carlton Group’s acquisition is the largest hotel deal that was publicly announced in Thailand. The deal has also managed to set a new benchmark price that no hotel of significant size has ever accomplished on the main Sukhumvit road.
If you are traveller in Thailand who is passionate about shopping, your best option is a hotel near Terminal 21 shopping complex. The hotel is ideal for both leisure and business travellers because of its proximity to the charms of Bangkok. You get more value from your money because of thehotel’s convenient location.