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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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After The Sandbox – Phuket Hotels Ask What’s Next?

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Remembering Florian Hallermann

Category: Hotels, Posted:16 Sep 2021 | 08:56 am We’d like to take a moment to remember Zeavola General Manager Florian Hallermann. Florian tragically died in a hiking accident in Ko Phi Phi. He was a familiar face in Greater Phuket hospitality circles for many years and well-loved in Ko Phi Phi, which was his last posting. Looking back at the start of our […]
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The Thaiger Digital Summit – Seven Thai Tech Start-Ups Speak Out

Category: Real estate, Posted:11 Sep 2021 | 10:02 am Disrupt or Die. Tune in to a full-tilt, one-hour online event led by The Thaiger’s Co-Founder and leading digital entrepreneur Michael Kenner. On the virtual stage will be fast-paced conversations with seven amazing start-up disruptors who are set to change Thailand’s online space. From super apps, the sharing economy, big data, to taking business off […]