Post by account_disabled on Dec 30, 2023 9:19:30 GMT
Investors are highly interested in buying. But there are few hotels offered for sale. The hotel investment market in Thailand in 2019 had a total value of only 3.7 billion baht, a significant decrease from 2018, which had a total trading value of 20.5 billion baht, the main reason being The number of hotels offered for sale by owners decreased in 2019, according to real estate consulting and services firm JLL. There were four hotel transactions last year, including Four Points by Sheraton. Bangkok Anantara Hotel Baan Ratchaprasong (leasehold rights Currently Dusit Suites Ratchadamri Bangkok) Rong Phasi Roi Chak Sam (leasehold rights a historical building along the Chao Phraya River that U City PCL will renovate into a hotel) and the Suan Buak Haad Hotel, Cha-am. Of the 4 transactions, Four Points by Sheraton Bangkok is the transaction with the highest value, at 2.25 billion baht, with JLL is the sales representative. and the buyer is TA Global Berhad from Malaysia.
Mr. Chakkrit Chakrabandhu Na Ayutthaya, Executive Vice President, Asia Hotel Investment Services Business Unit, JLL, said, “In the past year, Both Thai and foreign investors are highly interested in purchasing hotels in Thailand, especially Bangkok, Phuket, Samui and Chiang Mai, but the number of hotels eligible for investment available for sale has greatly decreased. This is after a record number of sales in the previous two years, 2017 and 2018.” In addition to the reduced number of hotels being offered for sale, Another factor that causes the value of investment in hotel trading to decrease in 2019 is the trading of some hotels. It cannot be completed before the end of the year. “There are important hotel transactions. One part where buyers and sellers have already signed Email Marketing List sales contracts in the past year. But the ownership could not be transferred in time and had to postpone the transfer to this year. Therefore, it will be counted as this year's trading transaction. Some of which are transactions with high value. and will contribute to increasing the overall value of investment in purchasing hotels for the whole year,” Mr. Chakkrit said. Investors are more cautious about investing. Despite strong buying interest, data from STR Global shows that hotels in Thailand saw overall average revenue per room drop 5.6% in the first 11 months of 2019 .
Thailand in the past year This has caused some investors to be more cautious in choosing investments. while strategic investors who aim for long-term results and understand the ups and downs of the tourism sector We continue to focus on investing in Thailand, which is one of Asia's tourism markets best able to cope with volatile situations," said Mr. Mike Batchelor, CEO of Asia. Hotel Investment Services Business Unit, JLL, said, "For foreign investors, The appreciation of the baht has caused some foreign investors to be wary of investing in Thailand. But overall, foreign investors are still very interested in purchasing hotel opportunities in Thailand. This is because it is a market that offers relatively high returns on investment compared to other markets in Asia. In addition, the selling price is much cheaper." JLL expects Hotel investment in Thailand will return to higher levels this year. It is estimated that the total investment value for the entire year will increase to approximately 10-12 billion baht.
Mr. Chakkrit Chakrabandhu Na Ayutthaya, Executive Vice President, Asia Hotel Investment Services Business Unit, JLL, said, “In the past year, Both Thai and foreign investors are highly interested in purchasing hotels in Thailand, especially Bangkok, Phuket, Samui and Chiang Mai, but the number of hotels eligible for investment available for sale has greatly decreased. This is after a record number of sales in the previous two years, 2017 and 2018.” In addition to the reduced number of hotels being offered for sale, Another factor that causes the value of investment in hotel trading to decrease in 2019 is the trading of some hotels. It cannot be completed before the end of the year. “There are important hotel transactions. One part where buyers and sellers have already signed Email Marketing List sales contracts in the past year. But the ownership could not be transferred in time and had to postpone the transfer to this year. Therefore, it will be counted as this year's trading transaction. Some of which are transactions with high value. and will contribute to increasing the overall value of investment in purchasing hotels for the whole year,” Mr. Chakkrit said. Investors are more cautious about investing. Despite strong buying interest, data from STR Global shows that hotels in Thailand saw overall average revenue per room drop 5.6% in the first 11 months of 2019 .
Thailand in the past year This has caused some investors to be more cautious in choosing investments. while strategic investors who aim for long-term results and understand the ups and downs of the tourism sector We continue to focus on investing in Thailand, which is one of Asia's tourism markets best able to cope with volatile situations," said Mr. Mike Batchelor, CEO of Asia. Hotel Investment Services Business Unit, JLL, said, "For foreign investors, The appreciation of the baht has caused some foreign investors to be wary of investing in Thailand. But overall, foreign investors are still very interested in purchasing hotel opportunities in Thailand. This is because it is a market that offers relatively high returns on investment compared to other markets in Asia. In addition, the selling price is much cheaper." JLL expects Hotel investment in Thailand will return to higher levels this year. It is estimated that the total investment value for the entire year will increase to approximately 10-12 billion baht.