The 317-room Pullman Jakarta Central Park connects directly to the Central Park mega-mall (Image: JLL)
After going public less than six years ago, Thailand-listed Strategic Hospitality REIT has sold its entire three-hotel portfolio for $106.1 million, narrowly avoiding an imminent loan default.
The disposal of the three assets — the five-star Pullman Jakarta Central Park in the Indonesian capital and the Ibis Saigon South and Capri by Fraser in Vietnam’s Ho Chi Minh City — was completed on Thursday, SHREIT said in a stock filing. The trust identified the buyer of the 623-key portfolio as EverLand Opportunities IX Limited, a BVI-incorporated company.
JLL advised SHREIT on the transaction, which the consultancy described as the first hotel portfolio sale in Southeast Asia during 2023. Julien Naouri, senior vice president for Asia Pacific investment sales at JLL’s hotels and…
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