The hotel acquisition in Thailand
Traditionally Thailand’s hospitality sector, travel and tourism play an important economic role in the land of smile. From the low budget hostels, postels, guest houses, serviced apartments, condotels, vacation clubs, holidays resorts to the five stars hotel category in Hua Hin, Pattaya, Phuket, Koh Samui, Koh Chang, Koh Phangan or Koh Lanta, Thailand’s hotel industry creates not only revenues but also jobs for educated and uneducated Thais.
However, it is not always a gold mine and promising venture to run a hotel in Bangkok, on the beaches and islands, or in the regional centers of Thailand. The fact that an enormous number of hotels are currently changing hands is not at all a sign of growth and international expansions. Foreign investors experience a buyers’ market in which supply exceeds demand, giving purchasers an advantage over sellers in price negotiations.