Portfolio of seven internationally-branded hotels in Thailand up for sale
By Timothy Tay
/ EdgeProp |
One of the largest hotel portfolio opportunities is being brought to market in Asia. Colliers International has been appointed to market the sale of the portfolio, which comprises seven internationally-branded hotels located in Thailand.
The hotels are located in four popular travel destinations, namely Bangkok, Phuket, Hua Hin, and Koh Samui. The hotels are Four Points by Sheraton Bangkok; Swissotel Resort Phuket Kamala Beach; Swissotel Resort Phuket Patong Beach; Novotel Phuket Karon Beach Resort & Spa; Novotel Phuket Surin Beach Resort; Novotel Hua Hin Cha Am Beach Resort & Spa; and the upcoming Ibis Styles Koh Samui Chaweng Beach, which will open later this year. Six hotels are managed by AccorHotels and one by Marriott International/Starwood.
Novotel Phuket Karon Beach Resort & Spa (Picture: Colliers International)
The hotels comprise a total of 1,688 rooms, which Colliers says will give the purchaser an immediate market-leading presence in these tourist hotspots. The portfolio has an average indicative price of USD 230,000 ($303,515) per key.
Colliers announced that they will be receiving offers for the portfolio of assets in writing by way of Private Treaty.
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