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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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Direct Bali Phuket Flights Return in Phuket

Category: Hotels|Tourism, Posted:14 Jun 2024 | 08:15 am The once popular Phuket Bali flight route will see AirAsia restart direct flights from 10th August 2024. AirAsia Indonesia will be the carrier and flight frequency will be three times a week. Bali hosted nearly 600,000 international visitors in May with Australia ranking 22.5% share, followed by India with 11.3% and China on the rise […]
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Registration Open for Mind the Gap – Women & Diversity in Hospitality – A Learning Event

Category: Hotels|Tourism, Posted:13 Jun 2024 | 09:55 am Diversity, inclusiveness, and equality are core issues for the hospitality industry. C9 Hotelworks and the Phuket Hotels Association have organized a learning event titled ‘Mind the Gap, Women & Diversity in Hospitality on Saturday 31st August at the SAii Laguna Phuket. Join us in this unique, candid, and insightful half-day session that takes a closer […]
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Samui’s Booming Villa Rental Marketed Featured in New C9 Hotelworks Report

Category: Hotels|Real estate, Posted:11 Jun 2024 | 07:04 am Standalone villas shake up traditional hospitality supply as the market rises. Increasing demand for multi-bedroom accommodation growing, coupled with a preference for spacious and private villas according to new research from C9 Hotelworks in their new Samui Villa Rental Market Review. In recent years, private villas rented as vacation homes have emerged as a significant […]
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