TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Malice In Wonderland – Hotel Transactions Loom

Category: Hotels, Posted:17 May 2010 | 06:00 am

s Thailand sees images of political violence beamed around the world by TV, internet and virtually every media outlet there is; in Phuket the picture remains surrealistic. No guns, no army, no red shirts and no violence of any kind has been reported. It’s sunny, peaceful and one almost has to check the nearest GPS to see what country we are in.

Needless to say the knock on effects to the islands hotel, tourism and property business are mounting as foreign travel warnings have been blankly issued for all of the country. Despite May being the lowest month of the year in occupancy the concern from Phuket hoteliers is the lack of booking pace and forward outlook for the next 3-6 months. As the world awaits word of what the outcome will be in Bangkok so does Phuket. There will be damage but it remains too early to see at what level or for how long it will persist.
Coming up this week looks to be an announcement from the Lehman liquidators on Koh Samui’s Baan Taling Ngam where by all accounts speculation has been that a final transaction will take place in excess of THB 800 million which is a significant premium on what the market has considered the value.
At the same time a high profile hotel asset looks to be going out to tender in Phuket in the very near future and there are rumblings of another few deals which may signal an reinvigorated transaction market.

Other News

Read more

Koh Samui Gets New Daily Direct Flights From Singapore

Category: Tourism, Posted:14 May 2024 | 09:32 am In a major boost for Koh Samui tourism, Singapore’s Scoot Airlines has commenced daily flights. Currently, there is a daily flight, with a second flight expected to be added in June of this year. Scoot is a subsidiary of Singapore Airlines. The airline is using Embraer E190-E2 aircraft which accommodate 112 passengers on the route. […]
Read more

The C9 Sessions – Understanding Thailand’s Hotel License Regime and Procedures for Branded Residences, Condo Hotels, Mixed Use Projects and Vacation Rentals

Category: Hotels|Real estate, Posted:13 May 2024 | 16:39 pm Branded residences, condo hotels, mixed-use projects, and vacation home rentals are becoming a significant player in Thailand’s hospitality space. As property developers, real estate investors, and property buyers are learning, this is a complex space that requires well-structured projects. Join us for a unique 90-minute co-working lunch learning session about all the moving parts in […]
Read more

Phuket Hotels Association Charity Online Auction Now Open

Category: Hotels|Tourism, Posted:28 Apr 2024 | 09:14 am The Phuket Hotels Association’s absolutely fabulous charity travel sale is now open. This annual event continues to grow with amazing travel stays and other prizes not only in Phuket, but across the region and the world. New items are continuing to be added so check back often. All proceeds go to support over 20 full-time […]
SiaJai logo

Thailand's Leading Homecare Marketplace