Thai hotel investments heading for record
Bangkok, Thailand – 15 February 2017 –
Hotel investments in Thailand will likely set a record this year despite a year-on-year decline in the previous year, according to a property consultant.
In baht terms, hotel investments fell to 9.6 billion in 2016 from 11.3 billion in 2015 but this year will likely see the total reach 20 billion baht, according to JLL’s Hotels and Hospitality Group.
The firm’s projection is based on a number of hotel sales likely to be concluded this year including the sale of the 10.8-billion-baht Swissotel Nai Lert Park.
According to JLL, Thailand saw robust … Read More