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RECAP/Laguna Beach Resort – Win Deal Of The Year

Category: Hotels, Posted:16 Oct 2011 | 10:08 am

Singapore's RECAP with their acquisition of the Laguna Beach Resort were named co-winners of this year's prestigious HICAP Single Asset of the Year.
A subsidiary of the fund (Real Estate Capital Asia Partners II) acquired the 254 room Phuket hotel for THB1.54 billion in May.
The other co-winner was the Crown Plaza Changi Airport Singapore.
New World's purchase of luxury chain Rosewood Hotels and Resorts was named Merger & Acquisition Deal of the Year.
Industry sources are speculating that the Hong Kong development group who are currently undergoing work on an upscale property on the Patong headland at Emerald Bay will be branding to the Rosewood name given the common ownership platform.

Other News

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Eat, Pray, Sleep Bali-Style. How I Escaped the Box

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Patong Hotel Affiliates With IHG’s Vignette Collection

Category: Hotels, Posted:16 Nov 2022 | 08:46 am Phuket’s hotel sector is seeing a renewed push in brand affiliations. The latest is Patong’s Dinso Resort’s tie-up with IHG’s (InterContinental Hotels Group) Vignette Collection. Dinso features 148-rooms and 28 themed pool villas. Branding to Vignette will come into effect by mid-2023.
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Minor Signs Phuket Resort, First NH Branded Hotel In Asia

Category: Hotels, Posted:15 Nov 2022 | 08:10 am Makings news in Phuket is the signing by Minor Hotels of their first NH-branded property in Asia. The 270-room Boat Lagoon Resort has been converted and is now operated by NH. NH is part of Minor Hotels and has over 330 properties in Europe and the US. Under Minor, the Anantara brand has been expanding […]
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