TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Condo Hotel Consumer Action Hits News

Category: Hotels, Posted:09 Mar 2017 | 10:06 am

A high profile consumer action that has been reportedly filed against the developers of a Pattaya condo hotel project has become a leading new item.

As reported by the Bangkok Post a group of 157 property buyers have filed a complaint against the developers of the Centara Grand Residences Pattaya.

While the hotel brand has been named broadly, the actual developers of the project, the Tulip Group – Bazis Development Company are the sellers of the real estate and those in default.

For Centara Hotels and Resorts who have a licensing and management agreement, the issue underpins risk factors in hotel residence projects when things go bad.

For hotel operators in these situations, potential brand damage is a major concern, as the general public often cannot differentiate between hotel groups and developers.

Certainly the lessons learned for HMC’s in the sector are the importance of project fundamentals and not overleveraging risk when projects are relying on residential sales to execute developments.

That said, hotel pipeline appetite in the region remains strong and a good number of hotel groups are willing to take risk in the name of a bigger reward in terms of chain growth.

Other News

Read more

Thai Prime Minister Eyes Koh Samui Infrastructure Projects

Category: , Posted:11 Apr 2024 | 07:51 am Thailand’s Prime Minster Srettha Thavisin’s trip to the resort island of Koh Samu focused on two  infrastructure projects. First, is the ongoing issue of expanding the island’s gateway airport, with a new feasibility study currently underway and to be completed by year-end for possible expansion. Bangkok Airways who operate the airport is reportedly undertaking further […]
Read more

Banyan Tree Brand Coming To Thailand’s Southeast Coast

Category: , Posted:01 Apr 2024 | 06:59 am One of Thailand’s most stunning coastlines is getting a boost with the first branded property coming to Sichon under the Banyan Tree Brand. Set to be named Banyan Tree Residences Sichon, the boutique branded residences project is being developed by the Urasaya Group. A key feature of the 2.5 hectare development is oceanfront real estate […]
Read more

Allan Zeman’s Paradise Group Launching Bangtao District Luxury Condo Development

Category: , Posted:29 Mar 2024 | 08:41 am Bangtao’s development pace keeps growing with noted Hong Kong entrepreneur Allan Zeman set to roll out a new project named Sudara. Coming up as Phase 1 will be 220 luxury condominiums with one, two, and three-bedroom configurations.  There are plunge pools in some premium units. Resort-living amenities include a 50-meter lap pool, fitness, yoga, co-working […]
SiaJai logo

Thailand's Leading Homecare Marketplace