Singapore REIT Buys Maldives Resort
Category: Hotels, Posted:08 Jan 2014 | 06:00 am
For hotel owners the idea of owning a Maldives property remain an object of desire given the sky high average room rates and capture of guest spending.
In a recent transaction the Jumeirah Dhevanafushi traded to the Singapore-based CDL Hospitality Trusts REIT.
The same investor purchased the Angsana Velavaru in early 2013.
A purchase price of USD59.6 million has been announced for the hotel which features 19 beach villas and 16 over-water villas.
Jones Lang LaSalle Hotels brokered the sale.
Destination Ink Radisson For Patong HotelCategory: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]