{"id":4392,"date":"2019-11-04T14:25:09","date_gmt":"2019-11-04T07:25:09","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4392"},"modified":"2021-06-04T14:43:47","modified_gmt":"2021-06-04T07:43:47","slug":"ta-global-berhad-acquires-four-points-by-sheraton-bangkok","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/ta-global-berhad-acquires-four-points-by-sheraton-bangkok\/","title":{"rendered":"Malaysian lifestyle property company completes acquisition of Four Points by Sheraton Bangkok"},"content":{"rendered":"<p>TA Global Berhad paid THB2.25 billion (USD74,603) to finalise the transaction<\/p>\n<figure id=\"attachment_4393\" aria-describedby=\"caption-attachment-4393\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-4393 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/Four_points_JLL_1600x900pix.jpg\" alt=\"\" width=\"1600\" height=\"900\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/Four_points_JLL_1600x900pix.jpg 1600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/Four_points_JLL_1600x900pix-300x169.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/Four_points_JLL_1600x900pix-768x432.jpg 768w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/Four_points_JLL_1600x900pix-1024x576.jpg 1024w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption id=\"caption-attachment-4393\" class=\"wp-caption-text\">Four Points by Sheraton Bangkok. Image Source: JLL Thailand<\/figcaption><\/figure>\n<p>TA Global Berhad, a Malaysian-listed lifestyle property company, has officially acquired Four Points by Sheraton Bangkok for THB2.25 billion (USD74,603), reported <a href=\"https:\/\/www.jll.co.th\/en\" target=\"_blank\" rel=\"noopener noreferrer\">JLL<\/a>, the hotel\u2019s exclusive sales agent.<\/p>\n<p>\u201cThe sale of Four Points by Sheraton Bangkok represents the only freehold hotel transaction concluded in Bangkok so far this year. It also marks the largest single hotel asset transaction recorded in Thailand year to date, accounting for over half of the total transaction volume,\u201d said Mike Batchelor, the CEO for Hotels Investment Sales Asia at JLL\u2019s Hotels and Hospitality Group.<\/p>\n<p>The hotel is situated on 3,600 square metres of land and features a rooftop pool, a fitness centre, three F&amp;B outlets, and 268 guestrooms. It was sold to benefit from the world\u2019s biggest hotel operator, Marriott International.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/bangkok-is-still-the-worlds-most-visited-city\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Bangkok is still the world\u2019s most visited city<\/strong><\/a><\/p>\n<p>This is the second hotel acquisition in the country for TA Global Berhad, after purchasing M\u00f6venpick Karon Beach Phuket, with JLL also acting as the exclusive sales agent.<\/p>\n<p>The Hotels and Hospitality Group of JLL said they witnessed four major hotel transactions in the country for the first nine months of 2019, and three of these were in Bangkok.<\/p>\n<p>\u201cSeveral major hotel investment deals are under negotiation at present. A number of these deals should be exchanged by the end of this year, but the actual transactions are unlikely to be completed before early 2020. This means hotel investment sales volume in Thailand this year will not keep up with the volume seen in 2018, but should pick up in 2020,\u201d said Chakkrit Chakrabandhu Na Ayudhya, Executive Vice President at JLL\u2019s Hotels &amp; Hospitality Group.<\/p>\n<p>In 2018, the major hotel transactions in Thailand generated a combined value of THB21 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TA Global Berhad paid THB2.25 billion (USD74,603) to finalise the transaction<\/p>\n","protected":false},"author":9,"featured_media":20347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[134,564,563,133],"class_list":["post-4392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bangkok","tag-hotel","tag-property-acquisition","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Malaysian lifestyle property company completes acquisition of Four Points by Sheraton Bangkok | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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