Two international branded hotels offered for sale
CBRE, an international property consultant in Thailand, has been appointed to sell two internationally branded hotel properties in two of Thailand's most popular beach destinations: the Courtyard by Marriott Phuket at Patong Beach and the Courtyard by Marriott Hua Hin in the Gulf resort of Cha-am.
The Courtyard by Marriott Phuket at Patong Beach
The Courtyard by Marriott Phuket at Patong Beach is located in Patong, the number one tourist destination on Phuket's sought after West Coast. The property will be sold without the restriction of a long-term hotel management contract, giving the buyer complete flexibility in positioning the property to capture Phuket's growing tourism market.
The hotel comprises 390 rooms situated in the heart of Patong, within a few minutes' walk to the beach. The property was renovated in 2008 and is currently operating as the Courtyard by Marriott Phuket at Patong Beach which opened in May 2008.
Tourist arrivals in Phuket have grown from just over 1.5 million in 2006 to over 3.5 million in 2010, with total numbers for 2011 forecast to be in excess of four million. Tourist numbers in Patong are expected to grow further with the expansion of Phuket International Airport to double its handling capacity from 6.5 million arrivals annually to 12.5 million arrivals annually.
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