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Strong Buyer Interest In Patong Hotel Sale

Category: Hotels, Posted:14 Feb 2012 | 14:05 pm

According to CBRE Thailand there strong interest from bidders for the former Courtyard by Marriott Hotel in Patong. Potential buyers are from a wide geographical area and the Patong 390-room hotel has attracted strong local, regional and international interest.
The Patong hotel and Hard Rock Caf and Shop Patong which is also being separately offered for sale. Many investors are looking to international operators to re-brand this property given that it is being sold free with vacant possession (i.e. no management contract).
Both properties are being brokered by CBRE Thailand on an exclusive tender basis with a deadline of March 1st for prospective buyers.

Other News

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

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]
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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 […]