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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

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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