On August 31, JLL Hotel & Hospitality Group (Thailand) announced that it has been exclusively retained to offer for sale Four Points by Sheraton Bangkok and Novotel Phuket Karon Beach Resort & Spa.
Four Points by Sheraton Bangkok opened in 2010 and is located in prime Sukhumvit Bangkok, in the centre of Bangkok’s Ratchadapisek CBD corridor and close to both the BTS Skytrain and MRT underground train lines. It is a 40-minute drive to both Suvarnabhumi and Don Mueang international airports. The property features 268 guestrooms with 19 suites, and is situated on 3,607 sq m of land. There are four F&B outlets, four meeting rooms, a rooftop swimming pool, and a fitness centre. The property is offered with the benefit of international management under Marriott International.
Novotel Phuket Karon Beach Resort & Spa opened in 2014 and neighbours Karon Beach Phuket. It is a 60-minute drive from Phuket International Airport, and 10-minutes from Patong Beach. The property features 224 guestrooms and 32 suites, and is situated on 18,610 sq m of land. There are four F&B outlets, three swimming pools, a spa, fitness centre, and Kids Club. The property is offered with the benefit of international management under AccorHotels.
According to JLL, the sale of the properties presents a rare opportunity to acquire two major hotel assets with strong cash flow in a highly desired yet tightly held investment destinations.
Both properties are being offered for sale together as a portfolio via an Expression of Interest campaign.