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NEWS ALERT Centara Expands With Astudo Chain Merge

Category: Hotels, Posted:04 Mar 2010 | 19:36 pm

Leading Thai hotel group Centara have struck a deal to acquire the management of properties under Bangkok based Astudo Hotels. Astudo currently operates under the X2, Le Bayburi, Case and Away brands which have 7 operating properties and 5 in the pipeline.
Centara (formerly Central Hotels)will be rebranding the Astudo properties and have recently announced that a new budget tier product would be put into the market. The deal give Centara added critical mass and helps push forward its strategy to grow as a management chain both in Thailand and in the region.
In Phuket there is a Le Bayburi project under development in Kata. For Anthony McDonald of Astudo who was able to fast track his homegrown chain over a very short period, this deal certainly has played out as the realization of his ambitions. Looks to be a win win here for all.

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C9 Hotelwork’s Releases Philippines Branded Residences Report

Category: Real estate, Posted:25 Feb 2024 | 19:51 pm The Philippines branded residences market is experiencing a significant maturation, impacted by urbanization and a post-pandemic shift in lifestyle changes. The market is poised for a high level of growth. C9 Hotelworks newly released Philippines Branded Residences Market Update shows a 105% increase in the pipeline, translating to an additional 5,599 units supplementing the current […]
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Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
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GOCO Hospitality Inks Deal With Singapore Temasek to Expanded Wellness Resorts in Thailand and Southeast Asia

Category: , Posted:07 Feb 2024 | 10:33 am Leading Bangkok-based wellness group GOCO has signed a deal with Singapore’s Temasek private equity group via The Fullerton Fund. The injection of funds into GOCO is reportedly ‘high eight figures’ and will fund expansion in Thailand and Southeast Asia into hospitality assets. Two acquisitions are expected to be announced in March by Founder and CEO […]
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