One of Thailand’s most iconic beachfront hotels, Hilton Hua Hin, is being offered for sale. With JLL’s Hotels and Hospitality Group appointed as the exclusive brokering agent.
Mike Batchelor, Managing Director, expects the hotel to receive strong interest from both Thai and international investors. He said: “Hua Hin has emerged as one of Thailand’s dynamic resort markets over the past ten years, in terms of demand and supply. Within only a two-hour drive from Bangkok, it is a popular weekend destination for Bangkokians. Hua Hin also continues to be a favoured holiday destination for Europeans and is gaining more popularity amongst international tourists. This is reflected by the strong trading performance of the hotel with average occupancy over 70 percent year round.
“Hotels of this calibre are rarely offered to the market especially given that it is a strongly trading asset with solid growth prospects due to its exceptional location, spectacular views and a globally recognised brand.”
Hilton Hua Hin is situated on approximately 15 rai of freehold beachfront land, right 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 is offered for sale through an international expressions-of-interest campaign, having launched this week with already a number of both domestic and international enquiries being made.
Andrew Batt, International Group Editor of PropertyGuru Group,
wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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