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Sansiri sells Sofitel Silom for B1.2bn.
Jun. 2--Sansiri Plc has sold its Sofitel Silom Hotel for 1.2 billion baht to LaSalle Investment Management, a multinational real estate investment company, in partnership with Accor Asia Pacific, according to executives.
The listed developer will earn a profit of nearly 520 million baht on the deal, having acquired the 454-room hotel in August 2002 for 684 million baht.
LaSalle Investment Management, which manages more than US$26.4 billion worth of public and private assets for leading institutions, said it would look for opportunities to buy additional office, retail, industrial, residential and hotel assets in Thailand and Asia.
The three ...
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