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Hotel investment sets benchmark

February 28, 2018 robert Leave a Comment

The sale of Swissotel Nai Lert Park Bangkok was among the major hotel transactions last year. WICHAN CHAROENKIATPAKUL Hotel investment in Thailand hit an all-time high last year, totalling 17 billion baht, led by a number of marquee transactions. Despite high levels of investor interest, transaction volume in 2018 is unlikely to match last year as fewer investment-grade hotel assets are on the market this year, said property consultancy JLL. Data from JLL's Hotels and Hospitality Group shows 12 hotel assets were sold last year with a combined value of 17 billion baht. This is a 70% jump from 2016 and is 39.7% higher than the five-year average annual recorded between 2012 and 2016 of 12.2 billion baht. By value, Bangkok dominated the investment activity with six hotel assets sold for 14 billion baht, accounting for nearly 80% of the market. The six assets are: the Edition hotel at Thailand's iconic Mahanakorn development, sold to a US private equity fund together with its observation … [Read more...] about Hotel investment sets benchmark

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