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Posted: 13 Jun 2014 | 11:16 am
Thai-listed firm Saha-Union Plc. has purchased the Hilton Hua Hin for THB3.2 billion according to documents filed with the Thai Stock Exchange.
The property has been acquired from Destination Resort Ltd. which is under Destination Properties.
The 298-key property traded at approximately THB10.7 million a key.
In Phuket, Destination sold the Kamala Cove property which is now the Hyatt Regency.
The group still maintains a number of hotel assets on the island including the DoubleTree by Hilton Surin, Swissotel Kamala and the DusitD2 Phuket.
JLL brokered the Hilton deal with Mike Batchelor leading the transaction.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
Koh Phi Phi's Zeavola resort has won a five-star award in the sustainable hotel in Thailand category.
A wide-spread public outcry over a proposed coal-fired power plant in nearby Krabi has seen the project's environmental permit denied.
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