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– Well-performing Asset: Consistently achieving occupancies of around 85% since 2016, the incoming owner will enjoy strong cash flows from its market leading position within its competitive set.
– Thailand’s Top Tourism Destination: Recognised as the world’s most visited city by MasterCard for three years in a row (2016-2018), Bangkok welcomed over 24.6 million international visitors in 2018, recording a 7.8% y-o-y growth. The city’s tourism industry continues to grow on the back of airport expansions to accommodate 100 milion visitors by 2024.
– Prime &  Irreplaceable Location: Located within 5 minutes’ walk to both BTS Skytrain and MRT underground train lines, the hotel is in the centre of Bangkok’s Sukhumvit Asoke / Ratchadaphisek CBD corridor.
– Freehold Chanote Title: The property is held under freehold Chanote titles, the highest level and most accurate type of title deeds available in Thailand.
– Managed by International Operator: The hotel is being managed by Marriott International, the world’s largest operator.

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Mike Batchelor

CEO, Asia Hotels & Hospitality, JLL

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