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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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Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]
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Travel Between Bangkok and Phuket Without Quarantine Allowed

Category: Tourism, Posted:13 Jan 2021 | 10:40 am There is currently a lot of confusion on whether travel between Phuket and Bangkok is allowed, and whether a 14-day quarantine is required. The Phuket Covid-19 Information Centre have posted in Thai language only that temporary visitation is allowed (not more than 14 days). Those coming from the maximum controlled areas, high-risk areas and four […]
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Is A Forced Closure Order For Phuket Hotels Needed?

Category: Hotels, Posted:10 Jan 2021 | 18:18 pm On Saturday 9th January a new order from the Phuket governor that requires a 14-day quarantine for arrivals from Thailand’s ‘red zone’ areas has thrust the island’s hotel and tourism sector into unknown territory. The impact over the past week, post-New Year on travel to the island has methodically ground down airlift to the point […]