TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Castlewood Launches 200 Unit Luxury Hotel In Laguna Area

Category: Hotels, Posted:18 Jan 2011 | 10:54 am

Upstart Castlewood Hotels and Resorts from Singapore have launched a 200 suite luxury hotel project near to the Outrigger Resort and Villas and Laguna Village.
An in-house hospitality brand 8over8 will provide management. Instead of selling property the offering is based on what the developer is terming HRU's ( hotel rights of use).
In Singapore the focus is on regional markets.
Two purchase options are available with the first being a guaranteed return of 5% for the first 3 years and then 3% for another 7 years. Or a variable scenario with 5% for the first 3 years and then full revenue from the HRU's for another 7 years.
An opt out is on offer each year in exchange for hotel nights.
Leading Hong Kong and Phuket design house Original Vision have provided planning.
The company says it plans to expand to the Gold Coast, Koh Samui and Langkawi in the future.
The hybrid hotel right usage model will be interesting on to see how take up is in the current recovering market.

Other News

Read more

Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
Read more

Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
Read more

Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]