This issue is resolved in VMware vCenter Server vCenter Server 7.0 Update 2c (build number 18356314).
Workaround:
To workaround this issue:
- In the VM Edit Settings dialog configure the serial port device to use output file.
- Provide the needed details for the output file.
- Switch to the desired serial port type.
- Provide the needed serial port details.
- Click OK to save the changes.
Note: That adding a serial port requires the VM to be powered-off and modifying an existing serial port can be done on a powered-off, or powered-on VM.