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Laem Ka Four Seasons Site Taken Off Market

Category: Real estate, Posted:26 Jul 2009 | 09:51 am

One of Phuket's highest profile land parcels, the oceanfront 150 rai Laem Ka site in Rawai which was planned to be a Four Seasons resort has reportedly been taken off the market. The property which was a partnership between the defunct Lehman's financial institution and Singapore listed firm Hotel Properties Limited had considerable interest in the marketplace. While 12-18 months ago land valuations were looking at THB 15-18 million baht per rai for similar sites, it was widely speculated that recent offers were in the range of THB 8-10 million baht range.
Industry watchers have been keenly following the intended transaction due to its significance on effectively resetting land prices. A turn for the better in the global economic situation may be coming into play and investors now looking at a broadening horizon for holding land rather then cutting prices.

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C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
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Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
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Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
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