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BREAKING NEWS West Sands Outrigger Hotel Project Stopped

Category: Hotels, Posted:31 Oct 2009 | 12:15 pm

Back of the GFC (global financial crises) the impact of which is hitting a number of the island's hotel's under development West Sands and Outrigger have agreed to part company on the planned 433 key hotel in Mai Khao. The developer has written to residential unit owners noting that within the current business environment with challenges in obtaining debt/equity and viewing falling room rates have made the hotel proposition unviable. West Sands will manage the hospitality operation consisting of condo and villa units on site , food and beverage facilities with more units planned for Phase 2. The much anticipated waterpark will open on December 20th and is looking to attract a wide scale of customers both from its report and others nearby.
Growing hotel chain Outrigger Resorts already have opened the Outrigger Serenity Terraces in Rawaii and on December 1st will see it's Outrigger Laguna Phuket Resort and Villas debut just in time for high season. Along with its existing resort in Bali, the group has a second property rising there, Vietnam and Sanya in China are also moving forward so Asia looks to be an strategic area of expansion for the group.
With now well over 40 new hotel projects in the islands pipeline it's anticipated that this will not be the only project to be canceled prior to going into the construction phase.

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Destination Group Transacts Khao Lak Hotel

Category: Hotels, Posted:21 Sep 2022 | 16:21 pm The Destination Group has acquired a partially completed beachfront 400-key hotel in Khao Lak, Phang Nga. What was named the Mora Resort which is under construction will see Destination fully complete and brand the property. An opening in late 2023 is planned for the hotel which is located near the JW Marriott. Access to Khao […]
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Soho House Bangkok Opening in December

Category: Hotels, Posted:21 Sep 2022 | 13:09 pm Uber global social brand Soho House will debut in Bangkok this December 2022. Located in the former Eugenia hotel in Sukhumvit Soi 31, the property has been reinvented. With three floors of facilities, food, beverage, and cultural events are also set to be showcased. Soho  House Bangkok membership is set at THB135,000 per year, with […]
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UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
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