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

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 […]

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 […]

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 […]

More Insider News