Hotel deals expected to hit record high

The 10.8-billion-baht sale of Swissotel Nai Lert Park in Bangkok to Bangkok Dusit Medical Services Plc, Thailand’s largest hospital operator, in 2016 will likely be concluded this year after which the landmark hotel will be turned into a luxury healthcare centre. Hotel investments in Thailand will likely set a record this year despite a year-on-year decline in the previous year, according to a property consultant.