Luxury Kata Villa Project Converting To Resort

Category: Real estate, Posted:14 Mar 2011 | 06:00 am

Conversions are always an indication that all things are not good in the broad island residential property market.
News just in as that the developer of the luxury estate The Hermitage in Kata is opting to convert part of the project to a 70 key pool villa resort.
Original plans called for 12 upscale properties which will now only see 5 large homes retained and the remainder of the land shifted to a hospitality project.
According to the developer a local management firm will operate the resort, which is targeted to within 2012.
For resort grade real estate a continuing storyline of resales versus offplan sales continue to dominate the trading space.

Other News

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 […]

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 […]

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 […]

More Insider News