Pan Pacific Suzhou Hotel - SOLD

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Sold for 408,000,000 CNY Date of Sale: December 2019
Rooms: 480
Price Per Room: 850,000 CNY
Property Id : 28984

JLL is pleased to be appointed as the exclusive advisor to Hotel Investments (Suzhou) Pte Ltd (the “Owner” or “Seller”) to offer for sale the Pan Pacific Suzhou (the “Hotel” or “Property”) in Suzhou, Jiangsu Province, China

Occupying an irreplaceable location within Suzhou’s historic Ancient City, the iconic 480-room Pan Pacific Suzhou represents an opportunity for investors to acquire a sprawling urban infill Property in Central Suzhou, offering numerous opportunities including management availability and the potential to consider a full or partial conversion to alternative uses. Strategically situated in close proximity to the city’s main tourist attractions and a short drive away from the commercial centres of Suzhou New District (SND) and Suzhou Industrial Park (SIP), the Hotel benefits from a broad base of leisure and corporate demand.

The Hotel offers a myriad of facilities, including five food and beverage outlets, two fully-equipped gyms, a tennis court, spa facilities, business centre and more than 1,900 square metres of conference and meeting facilities. The Hotel’s iconic Ming Dynasty architectural style distinguishes itself from other hotels of its scale and offers the unique backdrop of Panmen Garden and private access for guests, an amenity that is non-replicable elsewhere in the market.

Considered the “Venice of China” for its impressive labyrinth of manmade canals and waterways, Suzhou has a thriving tourism industry, which can be attributed to its rich heritage and history. In addition to its numerous tourist attractions and historical significance, Suzhou’s metropolitan area is one of the largest in China, possessing the country’s second largest manufacturing sectors along with its mature business districts, the SND and SIP. Together with Shanghai, Hangzhou, Nanjing and Ningbo amongst others, Suzhou makes up part of the Yangtze River Delta, China’s most important economic area, accounting for approximately 20% of the country’s economic output and close to 11% of the population.

Additional information on the Property, including trading and financial information, title, legal and building details, is available for review upon execution of a Confidentiality Agreement

Lingwei Tan

Senior Vice President, Investment Sales, Asia Pacific
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