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Mangosteen Resort Repriced to Sell at THB 200 Million

Category: Hotels, Posted:27 Jun 2009 | 14:42 pm

The Mangosteen Resort in Rawai has been repriced in order to attract a rapid sale at THB 200 million according to owner Hajo von Keller who contacted thephuketinsider.com. According the Mr. von Keller the pricing is below replacement value. With 41 keys and an established market there is room to expand the existing room inventory. Given the recent front page article in The Nation about 100 hotels in Thailand for sale, there remain few existing hotel assets currently on the market.
Another high profile southern hotel property Lehman's Laem Ka Four Seasons site is currently in the market with Jones Lang LaSalle hotels from Singapore and there are expectations that a transaction may be forthcoming.

Other News

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Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
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Condo Hotels and TPO’s Hitting Bangkok

Category: Hotels, Posted:20 Sep 2020 | 08:47 am Bangkok’s hospitality market is set rapid growth in the emergence of condo hotels and third party management operators (TPO’s). The trend is best seen with the recent launch of The Wyndham Queen Convention Centre Hotel and Residences in Bangkok operated by Kew Green Management Company Thailand. Kew Green has seven properties in the pipeline in […]
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The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]