TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Allamanda Condo Hotel Disintegrates

Category: Hotels, Posted:10 Aug 2009 | 05:47 am

One of the long standing condo hotel projects on the island Allamanda in Laguna Phuket appears to be on the point of disintegrating as a consolidated resort. For a number of years the three individual juristic bodies of the project Allamanda 1, 2 and 3 functioned and were managed by Laguna or through one of their affiliated companies faced growing issues by the various owners groups, which have now led to a parting of the ways.
With Allamanda 1 engaging CBRE to manage the common areas; it's been reported that the owners of Phases 2 and 3 will affiliate to an international branded hotel group in the near future. What the situation highlights is the current deficiency in Thailand's condominium juristic act (CJP) to ensure a long term guarantee of seamless management; and for condo hotel operator's its nearly impossible to ensure a long term presence should owners change their minds down steam and vote out the group.
For buyers who purchase on rental yields this can create a confusing situation as the branded project you buy into today may not be the same set up in a few years time. Many of the larger mixed use projects with villas or apartments that are combined with a hotel have used leasehold structure which is regulated under the far more favorable Land Development Act and allows for long term contracts of operators.
In coming years hopefully both amendments to both the CJP and Hotel Act will address relevant legislation but for now buyers of resort managed projects need to be fully aware of the longer term implications of rental programs with both upside and downside issues.

Other News

Read more

OutBound India – Restarting India’s Tourism to Thailand Virtual Event

Category: Hotels|Tourism, Posted:06 Dec 2021 | 00:56 am India is one of the biggest outbound markets in the world. Pent-up demand is already seeing a huge outflow of travelers to the Maldives as the destination continues to thrive during the uncertain times created by the pandemic.
. But what about Thailand? India was one of the fastest-growing outbound markets to the Kingdom before Covid […]
Read more

“Bangkok is Back“ Online Event Hears from Tourism and Hospitality Experts

Category: Hotels|Tourism, Posted:24 Nov 2021 | 11:41 am Before the pandemic, Bangkok was the most-visited city on the planet – a thriving hive of energy and activity which attracted over 22 million international visitors per year. Then, without warning, it all went quiet. Now, following the long-awaited reopening of Thailand’s borders on 1st November 2021, Bangkok is back. The city is welcoming the […]
Read more

It’s All About Bangkok, Hua Hin and Thai Food

Category: Tourism, Posted:22 Nov 2021 | 09:29 am Manic Monday is here again. Just one day to go until the 45-minute fast-paced Bangkok is Back  – The Travel, Tourism and Hotel virtual event. There is still time to sign up at – Sign up C9 Hotelworks and our friends at Delivering Asia Communications have been busy getting the latest ideas and trends in […]