JLL expects full-year hotel investment volume in Thailand to reach over 14 billion baht by the end of 2017. This unfinished hotel on Sukhumvit Road in downtown Bangkok will be a new Carlton hotel when it is opened in 2019. Mr Batchelor said buyers were both domestic and regional investors, with the latest hotel acquisitions being made by Carlton Hotel Group and Hotel 81, both from Singapore. In May, Carlton Hotel Group of Singapore acquired an unfinished hotel project in Bangkok for 2.4 billion baht. Karan Khanijou, another senior vice president, said the acquisition by Singapore-based Carlton Hotel Group has been the largest hotel deal publicly announced in Thailand.

Source: Bangkok Post July 26, 2017 08:15 UTC