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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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Thailand Tourism Forum (TTF) 2023 Registration Opens

Category: Hotels|Tourism, Posted:13 Nov 2022 | 16:38 pm The 12th edition of the Thailand Tourism Forum 2023, organized by C9 Hotelworks has opened registration. Set for 16 January 2023 at the Conrad Bangkok the event is the largest annual hospitality gathering in the country. With an impressive set of speakers and quality content, TTF is a  live, in-person (no virtual option), ‘must-attend’  industry […]
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AWC Set to Snap Up Westin Siray Bay Resort Phuket

Category: Hotels, Posted:11 Nov 2022 | 08:06 am Thailand’s growing hospitality conglomerate AWC (Asset World Corporation) has made public plans to acquire the 257-key Westin Siray Bay Resort and Spa Phuket. It is also acquiring the Grand Mercure Windsor Bangkok which has 459-rooms The AWC Phuket portfolio already includes the Phuket Marriott Resort and Spa Nai Yang Beach and Courtyard by Marriott Phuket […]
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Banyan Tree Phuket Launching New Oceanview Branded Residences

Category: Real estate, Posted:10 Nov 2022 | 12:20 pm Phuket’s Banyan Tree is rolling out two new products under their Grand Residences estate. Ten premium oceanview villas are priced in the THB100-150 million range and 40 seaview condominiums with median pricing of THB85 million. Located within the Laguna Phuket integrated destination resort, the group is expected to bring more real estate products to the […]
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