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Manathai Phuket Edges Toward Sale

Category: Hotels, Posted:03 Aug 2009 | 13:25 pm

One of the island's newer boutique resorts the 52 key Manathai located in Surin Beach is up for sale and is close to short listing interested parties. The resort has been marketed by three international agencies targeting different sets of potential buyers; and has gathered broad interest.
While the owners have not disclosed a sales price it's believed by industry sources that the original asking price was THB 380 million; though some industry experts expect a lower trading amount due to the present economic climate. Given the trend in design hotels and prime proximity to Twin Palms, The Chedi and Amanpuri a deal here is hardly a fire sale and certainly supports there is a lack of distressed assets in the market.

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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