Direct investment in Thailand’s hotel sector reached THB10.7 billion in the first half of 2017, according to JLL Hotels & Hospitality Group.
This figure is attributed to four major transactions, comprising five hotels in Bangkok and Pattaya.
“As a comparison, 2016’s full-year investment volume was only THB 9.6 billion,” says Mike Batchelor, Head of Investment Sales Asia, JLL Hotels and Hospitality Group.
“The robust investment activity recorded in the first half reflects investors’ continued appetite for hospitality assets in Thailand and confidence in the long-term outlook for the country’s tourism industry.”
“Buyers comprised of both domestic and regional investors, with the latest hotel acquisitions being made by Carlton Hotel Group and Hotel 81, both from Singapore. This reaffirms Thailand’s position as one of the region’s most attractive hotel investment destinations,” adds Mr. Batchelor.
In June, JLL facilitated Hotel 81’s acqui…