TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Sheraton Grande Laguna Phuket and Le Meridien For Sale?

Category: Hotels, Posted:16 Dec 2010 | 09:41 am

A few weeks ago we started to receive a series of phone calls and messages from investors and industry types inquiring about the sale of two prominent Phuket island hotels.
Both are well known 5-star hotels owned by significant listed hospitality firms. Tracking back the information led us to the website <link>http://www.thailandhotelsforsale.com*ThailandHotelsForSale.com</link>
Looking at the site "Thailand Hotels For Sale" there are a number of well known Phuket, Bangkok and other hotels in the country shown. Going to the Phuket section was an entry with a full set of pictures of the Sheraton Grande Laguna Phuket in Bangtao priced at THB5.7 billion and then Le Meriden Karon for THB6.7 billion. While no name was listed, there were full sets of photographs explicitly identifying the hotel, accompanied by location and details.
Two quick calls to the Thai listed Laguna Hotels and Resorts and HPL in Singapore who are the respective owners confirmed these properties are not on the market.
Going over the listings there are a number of other familiar hotels which have also been confirmed are not for sale.
Listed on the website are no contact details and only a reference to a company called First-One Property. Only a automated response form is available for interested parties.
Doing a search on the company came up with affiliated sites First-One Media and Marketing and First-One Thailand Property Network. Again only email addresses and no offices shown or telephone numbers. Another link came to www.backpackthailand.com which is listed under First-One Media and uses links for Google ads and booking links. Here Krabi and Aonang domains are listed for sale.
It's been tedious explaining to the host of callers that a selection of these iconic hotel properties are indeed not for sale. Many responded that these 'fishing expeditions' by strategic internet companies tarnished the image of the island and Thai property industry.
There remain a large number of reputable internationally affiliated and local real estate agencies here which act with integrity and professionalism so we'd encourage potential investor's to do their homework, make informed decisions and as always seek experienced advice.

Other News

Read more

Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]
Read more

C9 Hotelworks Releases New Krabi Report

Category: Hotels, Posted:07 Jun 2021 | 06:00 am Comparing major Southern Thai resort destinations, Krabi is one that historically balances well between the international and domestic markets. In the new Krabi Hotel Market Update from C9 Hotelworks, we take a look back at pre-Covid trading to examine from what point hoteliers hope tourism will upcycle towards recovery and what will the trends be. […]
Read more

SHA Plus Program In Focus

Category: Hotels, Posted:06 Jun 2021 | 13:17 pm A key part of the upcoming Phuket Sandbox reopening process is the requirement for incoming international travelers to stay in an SHA Plus hotel for 14 days, or shorter if only visiting the island. Those who want to travel onward to other destinations in Thailand can proceed after a 14-day period. As travelers are scrambling […]