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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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Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
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Condo Hotels and TPO’s Hitting Bangkok

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The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]