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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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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]