Saha-Union Plc has won the race to buy the Hilton Hua Hin hotel, paying THB3.2 billion according to a statement filed to the Stock Exchange of Thailand.
The 298-room property was sold by from Destination Resort Ltd, with the deal being handled by JLL.
First listed for sale in March, the Hilton Hua Hin is situated on approximately 15 rai of freehold beachfront land in the heart of downtown Hua Hin. The hotel features 298 rooms with sizes ranging from 42 sqm for a standard room to 450 sqm for the Chakri Suite.
Every room offers unobstructed sea views. The hotel also features a complete range of facilities including one of the largest ballrooms in Hua Hin as well as a number of highly popular restaurants such as the Hua Hin Brewing Company and a rooftop restaurant offering panoramic views of the Gulf of Thailand.
Hilton Hua Hin was offered for sale through an international expressions-of-interest campaign. The sale attracted domestic and international interest.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
Catch up on news you need to know from last week.
Overseas interest in Thailand property up in May
Call for property tax cuts
Record year for Khao Yai property
Stress test for Bangkok’s suburban property markets
If you have a news story or comment for publication about Thailand property or real estate email: andrew@propertyguru.com.sg