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Hilton Hua Hin Sold For THB3.2 Billion

Category: Hotels. Posted: 13 Jun 2014 | 11:16 am

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Thai-listed firm Saha-Union Plc. has purchased the Hilton Hua Hin for THB3.2 billion according to documents filed with the Thai Stock Exchange.

The property has been acquired from Destination Resort Ltd. which is under Destination Properties.

The 298-key property traded at approximately THB10.7 million a key.

In Phuket, Destination sold the Kamala Cove property which is now the Hyatt Regency.

The group still maintains a number of hotel assets on the island including the DoubleTree by Hilton Surin, Swissotel Kamala and the DusitD2 Phuket.

JLL brokered the Hilton deal with Mike Batchelor leading the transaction.

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