TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Absolute Takes On Affordable Yachting

Category: Real estate, Posted:05 Apr 2012 | 06:00 am

News has come in that the shared ownership group Absolute is entering the fractional yachting sector.
A special marine division will focus on motor yachts (presumably this means no sailboats).
An initial foray will utilize a specially designed Elan 42, which includes overnight accommodation for the owners, two guests and two crew.
Pricing starts just under USD8000 and upwards. Owners have the option to either fully utilize their time or obtain a rental yield.
At the end of 10 years the yacht will be disposed (this is ostensibly its initial useful life before major refit is required) and owners are entitled to a proportional share of the sale.
Yacht fractional ownership has been in the market in Phuket for a number of years already, with both property developers and hotels such as Twinpalms operating successfully in the segment.

Other News

Read more

C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
Read more

Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
Read more

Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
SiaJai logo

Thailand's Leading Homecare Marketplace