TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Minor Hotel Group Acquires Phuket Resort

Category: Hotels, Posted:13 Jun 2012 | 10:21 am

Thailand's Minor Hotel Group have acquired ownership of the 77 unit Bundarika Villas & Suites Resort at the northern end of Bangtao Beach in Phuket.
The property has been transacted on a 100% asset ownership basis, though the existing owner has retained a 5% shareholding in a second company entity.
Located in the Layan area the resort is situated on 23 rai, with an adjoining 32 rai land parcel of undeveloped property allowing for a significant expansion.
According to Minor the resort will see an extensive renovation undertaken and is spending THB1.1 billion on the acquisition and redevelopment. Once the upgrading is complete, it will be rebranded to the group's Anantara core brand by the end of the year.
Viewing the Bangtao area, a high level of trading activity is expected to take place this year in both the hospitality and residential sector. An affiliate of Japanese development company Kajima Overseas Asia are in the process of completing infrastructure for a 22 villa luxury estate located adjacent to Bundarika on a site of over 60 rai. It's expected that pricing points in the region of USD6 million will be marketing once the prime oceanfront properties are launched.
Meanwhile further transaction activity is expected a pair of resort development sites on Bangtao, which will go to tender shortly.

Other News

Read more

How Urban Flight and Lifestyle Seekers Have Changed Phuket Real Estate

Category: Real estate, Posted:25 Sep 2022 | 10:44 am Urban flight and a continuous stream of incoming lifestyle residents to Phuket are dramatically shifting Southeast Asia’s leading resort real estate market landscape. The new island property mantra is dominated by surging demand for single-family homes and larger condominiums. Phuket has witnessed a sharp change from 2019 when over 9 million tourists sought a place […]
Read more

Destination Group Transacts Khao Lak Hotel

Category: Hotels, Posted:21 Sep 2022 | 16:21 pm The Destination Group has acquired a partially completed beachfront 400-key hotel in Khao Lak, Phang Nga. What was named the Mora Resort which is under construction will see Destination fully complete and brand the property. An opening in late 2023 is planned for the hotel which is located near the JW Marriott. Access to Khao […]
Read more

Soho House Bangkok Opening in December

Category: Hotels, Posted:21 Sep 2022 | 13:09 pm Uber global social brand Soho House will debut in Bangkok this December 2022. Located in the former Eugenia hotel in Sukhumvit Soi 31, the property has been reinvented. With three floors of facilities, food, beverage, and cultural events are also set to be showcased. Soho  House Bangkok membership is set at THB135,000 per year, with […]
SiaJai logo

Thailand's Leading Homecare Marketplace