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HOTEL INVESTMENT Mercure Samui Taps Property Fund

Category: Hotels, Posted:29 Jun 2010 | 06:00 am

One of the key investment drivers over the past 2 years which has become more magnified since the 'red shirt effect' has been the decreasing amount of debt for hotel projects. Be it new build construction or renovation and expansion the Thai banks are taking a decidedly harsh wait and see approach to tourism.
One market which is being tapped is the domestic property fund sector where the developers of the Mercure Samui Buri Resort are raising a reported THB 828 million. Part of the funds proceeds will be used to restructure debt and the rest for new hotel projects which will be managed by ACCOR's All Seasons brand.
A guaranteed yield of 6% for the first 5 years is being offered to investors in the fund.

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UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
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Noku Hotels Open Fourth Hotel, This Time It’s Phuket

Category: Hotels, Posted:10 Sep 2022 | 21:07 pm Boutique hotel group Noku has opened its fourth property, with Phuket as its latest destination. The Noku Phuket features 91 villas and lofts, overlooking Chalong Bay. Its sustainable design has earned it a Green Mark Gold Award. The group also operates properties in Maldives, Kyoto, and Osaka. Noku Hotels was founded by  Chris Teo of […]
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Radisson Re-Enters Phuket Hotel Market

Category: Hotels|Real estate, Posted:10 Sep 2022 | 13:49 pm Global brand Radisson has returned to Phuket with a 179-key property in Kamala, owned by the Destination Group. The Radisson Resort and Suites Phuket is a conversion of the former Swissotel, which had been managed by ACCOR. It is an all-suite property with one, two and three bedroom units. Nearby the hotel, the large-scale tourism […]
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