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

Global Experiential Hospitality Brand Selina Debuts In Southeast Asia

Category: Hotels, Posted:12 Aug 2022 | 18:12 pm One of the fastest-growing hospitality brands in the world Selina, has opened their first Southeast Asia property in Phuket, Thailand. The 52-key Selina Serenity Rawai Phuket is a conversion of what was previously an independently managed property, and prior to that had been operated by Outrigger Hotels and Resorts. Selina’s DNA is based on local […]
Read more

BDMS To Open Medical Wellness Facility At Laguna Phuket

Category: Real estate, Posted:12 Aug 2022 | 10:27 am The Greater Cherngtalay area in Phuket is set to see a new international-standard medical and wellness facility from leading Thai group BDMS (Bangkok Dusit Medical Services). Located in the middle of the integrated resort development of Laguna Phuket at Canal Village, the offering is targeted at both a growing local and expatriate population and overseas […]
Read more

Explorar Brand Spurs Expansion With Koh Samui and Koh Pha-ngan Acquisitions

Category: Hotels, Posted:19 Jun 2022 | 09:22 am Boutique hotel group Pavilion’s experience-focused spin-off Explorar Hotels and Resorts has expanded its growing footprint by acquiring a 125-key resort in Bophut, Koh Samui, and 75-key property in Koh Pha-ngan. Both resorts were previously owned and operated under ‘The Coast’ tagline. The two will be conversions and join an upcoming resort in El Nido, Palawan. […]
SiaJai logo

Thailand's Leading Homecare Marketplace