Thu, 31 Aug 2017

JLL Selling Hotel in Bangkok and Phuket, Thailand

JLL Hotels & Hospitality Group has been appointed as the exclusive selling agent of two-internationally branded hotels in Thailand.

Managed by Marriott International, the 268-key Four Points by Sheraton Bangkok Sukhumvit sits on approximately 3,600 sqm of land in a prime location on Sukhumvit Soi 15, one of Bangkok’s main commercial, tourism and leisure precincts and within just a few minute's walk of the BTS Skytrain and MRT underground stations.

Fully refurbished and opened in 2014, Novotel Phuket Karon Beach Resort & Spa is managed by AccorHotels. It is situated on almost 18,610 sqm of land just a short walk to the northern end of Karon Beach. The 224-key resort features three swimming pools, a water slide, spa and a kids club for children of all ages.

Swimming pool at Four Points by Sheraton on Sukhumvit Soi 15 in Bangkok, Thailand Click to enlarge.

 “Thailand’s tourism prospects continue to prosper given the country’s already well-developed infrastructure, strategic location and reputation as one of the world’s most popular holiday destinations. All these have continued to attract investors to the country’s hotel market. However, these investors have faced the same challenge – a fight for investment grade assets, particularly in major cities such as Bangkok and Phuket,” said Mike Batchelor, International Director of Investment Sales, JLL Hotels & Hospitality Group Asia. “For this reason, we expect high interest from both regional and domestic investors attracted by a rare opportunity to acquire well- performing hospitality assets and the benefit of management under two of the world’s largest hotel management companies, Marriott International and AccorHotels.”

See other recent news regarding: JLL, Sukhumvit, Bangkok, Karon, Thailand.

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