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Novotel Sale Largest Asian Hotel Transaction Since GFC

Category: Hotels, Posted:03 Apr 2012 | 17:01 pm

Jones Lang LaSalle Hotels Singapore have announced the sale of the Novotel Nathan Road Kowloon Hong Kong, on behalf of its owner LaSalle Asia Opportunity Fund II, to Hong Kong based Gaw Capital Partners and CSI Properties.
The hotel transaction was for a total of HKD 2.368b (USD 305m), representing the largest single hotel sale in Hong Kong in over 10 years and in the wider Asian region since the Global Economic Downturn.
Since undergoing a complete refurbishment and rebranding in 2008, 389 room experiencing occupancies in excess of 95% and became one of the most popular hotels in Hong Kong.

LaSalle Investment Management are well known in Phuket as the entity behind the redevelopment of the Karon Villa into the Crowne Plaza and ultimately sold to become the Moevenpick Resort and Spa.

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Phuket’s Koh Siray Adds A New Hotel

Category: Hotels, Posted:22 Jan 2022 | 15:45 pm Phuket’s east coast has a new hotel with the recent opening of the Sinae Hotel in Koh Siray. The resort offers a collection of 64  studio units, and lifestyle as well as private pool villas. A key feature of Sinae is its elevated hillside ocean views. Access to nearby Phuket Town is ten minutes from […]
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The Aussies Are Coming

Category: Hotels|Tourism, Posted:22 Jan 2022 | 14:53 pm For Phuket hotel sales and marketing teams, the go-to-market has been Russia during the height of the winter snowbird season. With March fast approaching and Thailand’s approval of a revised Test & Go program from the beginning of February, hoteliers are looking at the vast void of the second quarter of the year. Certainly, domestic […]
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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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