With the number of Sukhumvit hotels available, the tourism sector is always buzzing with fresh news and developments.
A more recent portfolio sales listings in Bangkok have grabbed a lot of attention, due to its sheer size and value, being one of the largest hotel portfolio acquisitions opportunities not only in the country, but across all of Asia.
The portfolio in question, is made of up seven hotels, all operating under international brands, located in the capital and other cities, with one of them; the Four Points by Sheraton Bangkok, located amidst the many Sukhumvit hotels dotting Bangkok. The other hotels are distributed across Bangkok, Hua Hin, Koh Samui and Phuket, and all go for an asking price of US$230,000/Bt7.3M each.
With a combined cost of over US$1.61M/Bt51.1M, this portfolio sales listing is one of the biggest in the entire Asian hospitality market, with Colliers International brokering this large listing. Colliers will be receiving offers for the portfolio in writing via private treaty submissions.
According to a statement released by Colliers International, the portfolio will provide the investor that acquires it with a massive boost in their market presence.
The portfolio is as follows:
|Bangkok:||· Four Points by Sheraton Bangkok|
|Phuket:||· Swissotel Resort Phuket Kamala Beach
· Swissotel Resort Phuket Patong Beach
· Novotel Phuket Karon Beach Resort & Spa
· Novotel Phuket Surin Beach Resort
|Hua Hin:||· Novotel Hua Hin Cha Am Beach Resort & Spa|
|Koh Samui:||· Ibis Styles Koh Samui Chaweng Beach|
Most of the hotels are managed by AccorHotels, with one of them, instead, managed by Marriott International/Starwood, with the seven hotels amounting to a combined 1,688 rooms. These seven properties are spread across the upscale and mid-scale tourism markets, with all seven of them holding an occupancy rate higher than or equal to most of their surrounding competition, at 80%.
Director Jerome Wright, Colliers International Capital Markets and Investment Services section, says that that growth of Thailand’s tourism sector will drive up occupancy and room rates in the market, the portfolio included.
Colliers expects quite a few investors from the domestic, regional and global scene to pay attention to the portfolio, who might see it as a good foundation for any commercial growth in the Thailand hospitality region.