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

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]

Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]

More Insider News