TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Condo Hotel Black And Blues

Category: Real estate, Posted:10 Jul 2014 | 15:59 pm

This week news became public that the Allamanda Laguna Phuket condo hotel operation is planning to cease operations at the end of July.
The property is one of the island's earliest hospitality led residential projects and has operated for close to two decades.
Originally Allamanda came under the management arm of the Banyan Tree resort, though eventually it became a Best Western franchise and more recently was an independent entity.
Early purchasers of the units consisted of both end users and investment type buyers, with many looking for recurring yields under a resort-style set up.
For some owners now, they will be unfortunately left on their own to seek out rentals either directly or through agents.
Reflecting on the situation at a time when hotel branded residences increasingly coming into the marketplace, it's a prudent reminder to potential purchasers that the hotel managed unit they are buying today may not always be a viable investment in the long term.
Here in Thailand issues over difficulty in obtaining hotel licenses for real estate led projects and the potential inability to ensure a certain brand or management can be secured in a condominium structure over the expected lifetime of the property create a certain element of risk.
Investors need to be fully aware of the long-term implications of hotel branded residences and while a good number are well-operated properties, there remains the flip side of the coin as well with possible downside.

Other News

Read more

It’s A Tuesday, What’s Up in Thailand

Category: Tourism, Posted:03 Aug 2021 | 10:49 am As the Thailand red zone closures mount, and domestic travel remains challenged, we take a few minutes to bring you some of our new feature videos. August looks to be challenging but vaccinations are continuing and there is light at the end of the tunnel, for now to our readers we say – keep the […]
Read more

Why Is The Phuket Sandbox Important?

Category: Tourism, Posted:02 Aug 2021 | 10:27 am As Bangkok grapples with rising numbers of Covid infections, leading tourism voice KP Ho, Executive Chairman of Banyan Tree Group, has told European envoys, airlines, senior officials and business leaders, that for Phuket Sandbox to succeed it is imperative for Phuket to be given “green” destination status. Speaking at the Phuket Sandbox Summit held at […]
Read more

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 […]