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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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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
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Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
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Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]