Record value of hotel transactions

Despite high levels of investor interest, transaction volume in 2018 is, however, unlikely to match 2017 as fewer investment grade hotel assets are being put up in the market this year, according to property consultancy JLL.
Data from JLL’s Hotels and Hospitality Group shows 12 hotel assets were sold last year with a combined value of Bt17 billion. This is a 70 per cent jump from 2016 and is 39.7 per cent higher than the five-year average annual volume recorded between 2012 and 2016 of about Bt12.2 billion.