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

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 […]
Read more

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 […]
Read more

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 […]
SiaJai logo

Thailand's Leading Homecare Marketplace