TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Saga Of Ultra Luxury Chiang Mai Hotel Evolves

Category: Hotels, Posted:26 Aug 2016 | 14:38 pm

Once upon a time the luxurious Mandarin Oriental Dhara Dhevi Chaing Mai languished in financial failure.

Today’s the independently managed hotel has turned the corner back of a debt restructuring program and ownership by the Thai-listed firm Inter Energy.

According to documents filed with the SET (Stock Exchange of Thailand) plans have been made public to unlock the considerable land bank of the current asset.

The Bangkok Post has reported that two individual development projects with one being a joint venture with another SET listed firm for a luxury hotel with 80 keys, 20 condominium units and 16 pool villas on a 60-rai plot next to the existing hotel.

Second is an add-on to the Dhara Dhevi of 14 upscale residential homes and 2 villas.

Overall the use of real estate to unlock the value of the hotel and expansion has set the stage for a second wind of the legacy property.

 

Other News

Read more

Explorar Brand Spurs Expansion With Koh Samui and Koh Pha-ngan Acquisitions

Category: Hotels, Posted:19 Jun 2022 | 09:22 am Boutique hotel group Pavilion’s experience-focused spin-off Explorar Hotels and Resorts has expanded its growing footprint by acquiring a 125-key resort in Bophut, Koh Samui, and 75-key property in Koh Pha-ngan. Both resorts were previously owned and operated under ‘The Coast’ tagline. The two will be conversions and join an upcoming resort in El Nido, Palawan. […]
Read more

Thailand’s Traveler Restrictions Set to Roll Back 1st July

Category: Hotels|Tourism, Posted:18 Jun 2022 | 09:14 am The wait is over for Thailand’s battered hotel and tourism sectors, with an announcement by the government that the cumbersome Thailand Pass process will be removed by 1st July. Travelers to the Kingdom will no longer be subjected to the online application and approval process. Another restriction for tourists is the Covid-19 USD10,000 insurance requirement, […]
Read more

Thai Group CPN Investing Into 37 New Hotels

Category: Hotels, Posted:12 Jun 2022 | 15:46 pm Thailand’s listed CPN Group (Central Pattana PCL) is set to inject USD288 million into 37 new hotels across Thailand. CPN’s reported strategy is to include hotel components in every new mixed-use retail project across the country. The investment is being targeted into three tiers of hotel assets. The first is a new budget chain Go!. […]
SiaJai logo

Thailand's Leading Homecare Marketplace