Sale of Intercontinental Samui Baan Taling Ngam Resort recognized as transaction of the year at HICAP 2019
The transaction was managed by JLL
JLL Hotels & Hospitality has recently received the Transaction of the Year Award for the sale of the Intercontinental Samui Baan Taling Ngam Resort in Koh Samui at the Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong.
In 2018, the Intercontinental Samui Baan Taling Ngam Resort resort was sold with the benefit of management from InterContinental Hotels Group. The purchaser was a Thai high net worth family, marking their first acquisition in the hotels industry. The resort, considered one of the first luxury hotels on Samui, achieved the highest price for a hotel traded outside of Bangkok. JLL Hotels & Hospitality advised in the transaction on behalf of the seller, Serenity Asset Company Limited.
“It’s a real honour to be recognised for the great work our team has done,” says Mike Batchelor, CEO, JLL Hotels & Hospitality Asia Pacific. “This underscores our commitment to putting our clients first and the importance of adding enduring value to their investments, particularly at a time when they’re faced with geopolitical uncertainty and increasing pressure to deploy capital.”
For 30 years, HICAP has been the unequaled annual gathering place for Asia-Pacific’s hotel investment community, attracting the most influential owners, developers, lenders, executives, and professional advisors from around the globe.
JLL’s global hotels and hospitality advisory team spans 350 specialists in 23 countries.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.