BREAKING NEWS Erawan and Six Senses Sanctuary Break Ties

Category: Hotels, Posted:10 Jun 2011 | 10:45 am

Updating our Six Senses story on the closure and renovation of the Naka Yai resort a notice has gone out to travel partners that the chain will no longer manage the property as of the beginning of August.
According to financial results filed with the Stock Exchange of Thailand (SET), trading results for the first quarter (January – March) for the property registered a 27.8% occupancy, average room rate of THB25,458 and RevPAR of THB7,085.
Thai listed Erawan Group PLC who also own a number of hospitality assets including the Grand Hyatt Erawan, JW Marriott and Courtyard by Marriott in Bangkok, Samui's Renaissance, Holiday Inn Pattaya and have partnered with ACCOR's ibis for multiple properties has not announced a new management company.
Industry insiders are aware that a number of international groups have been viewing the property and that a leading US group will take over operations.

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