Category Archives: Hotel

Hotel

Bangkok’s Hotel Market Experiencing Good Sales Numbers

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JLL Hotels & Hospitality Group has been going through the many numbers of the Thai hotel market, and with news about new hotels moving into the field of 5 star accommodation in Bangkok, the JLL group has confirmed that the country’s hotel market is in a good spot.

According to the data collected, the Thai hotel sector received a total of Bt10.7B in direct investments for the first half of the year 2017. The JLL Hotels & Hospitality Group attributes this large number primarily to four major transactions made during the time span, comprised of five hotels across Bangkok and Pattaya.

JLL Hotels say that it is a marked improvement from last year’s direct investment numbers, which totaled at Bt9.6B for the whole year. According to Mike Batchelor, JLL’s Head of Investment Sales for Asia, the investment activity in the sector is a sign of the investor’s attraction to the Thai hospitality market, as well as their confidence regarding the long-term standing of the country’s tourism sector, with Thailand reaffirming itself as one of SEA’s most attractive hospitality investment targets, to both domestic and international investors.

One of the latest hotel acquisitions was made by the Hotel 81 group from Singapore, which was facilitated by JLL themselves. This was the acquisition of the Premier Inn portfolio, which was involved in the field of 5 star accommodation in Bangkok, with 2 hotels in the capital and Pattaya. The addition of the portfolio marks Hotel 81’s entrance into the Thai hospitality market, and increases their key count to a total of 388. Travelodge has been appointed by Hotel 81 to manage both of these new hotels on their behalf.

Another major transaction in the Thai hotel market that JLL was involved in was the Carlton Hotel Group’s acquisition of a hotel development project in Bangkok, located at the corner of Sukhumit Road Soi 27. The new property is sized at 2 rai/3,200 m2, comprised of both freehold land, as well as a partial 34-floor hotel development project. For this Bt2.4B transaction JLL, represented the seller of the property, Bangkok Management Co. Ltd.

The other two major moves in the Thai hotel market was the sale of the Bangkok Edition Boutique Hotel and the SwissotelNaiLert Park in Bangkok.

JLL has predicted that the full year’s hotel investment total will hit around Bt14B.

Hotel

Portuguese Hotel To Join The Ranks Of Family Room Hotel In Patong

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Nowadays, hotels are rising up on a pretty much quick rate to the point that you will be able to see new hotels almost at every angle of this world. You see, the significant growth in the number hotels worldwide can be attributed to the rapid blossoming of the tourism industries in countries in the world that have a great number of tourism destinations that are all scattered in their respective territories. Or, this growth can also be associated with newly developed lands that are either developed or reclaimed for the purposes of being construction sites for new hotels or casinos. Now, if you’re let’s say a family of 5 loving persons and you’re looking for a nice hotel where you will be staying during your upcoming vacation, you won’t need to worry about running out of options because you’re going to havea wide variety of hotels especially if you are considering a vacation with your beloved family in the beautiful island of Phuket in the Kingdom of Thailand. In fact, you can even opt to stay at any of the family room hotel in Patong which can offer more than what you usually expect from other hotels.

Just last March of 2017, the well-known Jivavisitnon family has made its much-anticipated announcement regarding their plans to add another luxury hotel under their name in the beautiful island of Phuket. The said hotel is set to join the ranks of the already growing number of family room hotel in Patong. According to Pobchai Jivavisitnon, the owner and at the same time the managing director of the Novotel Phuket Resort and also the Novotel Phuket Vintage Park, the new hotel is registered under the Ocean Wing Corporation. The hotel is said to have 239 rooms in its premises and the amenities will be what are usually expected from even the famous 5-star luxury hotels worldwide. In addition to this, the hotel will be having a Sino-Portuguese style inside and out and the hotel is now under construction and is expected to be completed and ready to be filled by guests, both local and foreign, by the latter part of 2018 or early 2019.