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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

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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]