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BREAKING NEWS Lehman's Baan Taling Ngam Sold to Thai Group

Category: Hotels, Posted:28 May 2010 | 09:02 am

According to industry sources the high profile Lehman's Baan Taling Ngam resort has been sold to a Thai group for approximately THB 750 million. The buyer is reportedly the Srivikorn family who own the Bangkok InterContinental Hotel.
Despite Thailand's current political uncertainty, the transaction which has been closely watched by the market reached well above most valuations for the property.
Within the next two weeks a well known branded Phuket beachfront property will be entering the market and is already creating considerable buzz over the current increase in hospitality transactions within the Thai resort areas.

Other News

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Phuket’s Massive Bangtao Property Surge Set to Reset Destination

Category: Hotels|Real estate|Tourism, Posted:05 Nov 2023 | 11:08 am Phuket’s once-quiet beachside west coast community of Bangtao is experiencing an unparalleled surge in real estate development. According to new research from C9 Hotelworks, there are currently 7,842 condominium units (click to see upcoming project map). Added to the supply influx are just over 2,400 upscale and luxury homes, which equate to a pipeline of […]
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New C9 Hotelworks Research Report on Hakuba, Japan Tourism and Property Market

Category: Real estate|Tourism, Posted:02 Nov 2023 | 15:19 pm C9 Hotelworks has released an exciting new market research report Habuba Tourism and Property Market Review. Hakuba, renowned for being part of the 1998 Nagano Winter Olympics, has evolved from a seasonal Australian-focused skiing destination into a year-round getaway.   It is located within a three-hour drive from Tokyo. The valley has witnessed increasing development, attracting […]
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Tourism recovery and branded residences top C9 Hotelworks new Niseko market report

Category: Hotels|Tourism, Posted:31 Oct 2023 | 11:29 am C9 Hotelworks new Niseko Tourism and Property Review has just been released and shows a flight to brands. The report highlights that 74% of pipeline projects are branded. In the wake of Niseko’s official border reopening in October 2022, the area has witnessed a substantial influx of visitors, reaching 2.6 million in YTD2023. This represents […]
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