Phuket’s Hilton Garden Inn Transacts to TriO Capital

Category: Hotels, Posted:13 Sep 2024 | 12:58 pm

The 177-room Hilton Garden Inn Phuket, Bang Tao has traded to private equity group TriO Capital.

Operating under a franchise agreement with Hilton, the hotel opened in late 2021 and had been owned and operated under GCP Hospitality.

A strategic plan for a design and development upgrade under TriQ will kick off at the end of this coming high season in Q2 of 2025.

Hotel transactions in Phuket remain muted as there continues to be a gap between buyer and owner’s expectations. The most notable sales post-COVID-19 is the Evason Phuket to Malaysian Group YTL, which closed earlier this year.

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