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BREAKING NEWS Upscale Hotel For Central Festival Mall

Category: Hotels, Posted:23 Sep 2009 | 09:44 am

A 300 key upscale hotel is in the planning phases which will be located adjacent to Central Festival Mall according to the developers of the project Tom and Brother Asset Co., Ltd.. Construction is set to commence in November of this year and completion by 2012. The project will be part of the mixed use Holme Place complex which is a multi-level retail complex containing 25 shop units and is targeting lifestyle and luxury branded products. The hotel project is a partnership with the owner of the Sugar Palm Resort & Spa.
With land prices commanding premiums the shift in developing only hotel assets is now moving towards mixed use developments with combinations of retail, office, and residential components in order to reduce risk and maximize ongoing yields for the projects. Phuket's other mall Jungceylon already has a hotel component with the Millennium branded product within the mall area. Its understood the developers are also looking at adding a second hotel in the near future which will create additional critical mass and footfall.

Other News

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Asia’s Largest Hotel Investment Conference Next Week

Category: , Posted:16 Oct 2020 | 15:28 pm HICAP, Asia’s biggest hotel investment event of the year is set for next week in a 3-day virtual format. Scheduled for 21st to 23rd October, this is the first year the conference will be live online and not in person, in Hong Kong. C9 Hotelworks Bill Barnett will be moderating a special Thailand panel of […]
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Funkytown – Inside the Cultural Melting Pot

Category: Tourism, Posted:14 Oct 2020 | 09:24 am Join C9 Hotelworks and Delivering Asia Communications on Tuesday 20th October, 2:00 pm Bangkok | 3:00 pm Singapore/Hong Kong for a special one-hour virtual event about the latest trends  in urban Bangkok and the latest from Phuket Town. Registration is free here. Ready, steady, go, straight down the urban rabbit hole of funkytown. Tripping down […]
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Phuket International Reopening Next Week

Category: Tourism, Posted:30 Sep 2020 | 09:33 am The resort island of Phuket is preparing to welcome 120 Mainland Chinese overseas travelers from Guangzhou next week on October 8th. As per government guidelines, the visitors will stay in Alternative Local State Quarantine (ALSQ) hotels for 14 days. According to news sources and the Phuket public health office, there are presently nine hotels approved […]