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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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Why Is The Phuket Sandbox Important?

Category: Tourism, Posted:02 Aug 2021 | 10:27 am As Bangkok grapples with rising numbers of Covid infections, leading tourism voice KP Ho, Executive Chairman of Banyan Tree Group, has told European envoys, airlines, senior officials and business leaders, that for Phuket Sandbox to succeed it is imperative for Phuket to be given “green” destination status. Speaking at the Phuket Sandbox Summit held at […]
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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
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Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]