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Singapore's Iconic Raffles Hotel Sold to Qatar Fund

Category: Hotels, Posted:22 Apr 2010 | 06:00 am

Sovereign Wealth Fund Qatari Diar has reportedly bought Singapore's iconic Raffles Hotel for US$275 million according to The National newspaper in the Middle East. The deal comes as part of a package which has seen the fund obtain 40% shareholding for US$467 in the Fairmont Raffles hotel chain.
Prince Alwaleed's Kingdom Hotel Investments has moved from a 58% controlling interest in the group to a 35% minority interest in the transaction. KHI owns the Moevenpick Resort in Karon and a few years ago sold its greenfield Raffles development in Tah Sai, Phang Nga to a group including Evolution Capital PCL who changed operator to Ritz-Carlton.
Much speculation remains regarding the management chain which brand stable includes Raffles, Fairmont and Swissotel.

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Phuket’s Russian Winter Market Airlift Surge

Category: Tourism, Posted:14 Aug 2022 | 19:39 pm Direct airlift between Moscow and Phuket will resume with flights starting from 30th October. National carrier Aeroflot will offer daily service. Currently,  most Russian travelers fly via the Middle East on Emirates, Qatar, or Etihad. Singapore Airlines previously flew direct to Moscow and connected travelers via a number of flights to Phuket, but suspended services […]
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Global Experiential Hospitality Brand Selina Debuts In Southeast Asia

Category: Hotels, Posted:12 Aug 2022 | 18:12 pm One of the fastest-growing hospitality brands in the world Selina, has opened their first Southeast Asia property in Phuket, Thailand. The 52-key Selina Serenity Rawai Phuket is a conversion of what was previously an independently managed property, and prior to that had been operated by Outrigger Hotels and Resorts. Selina’s DNA is based on local […]
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BDMS To Open Medical Wellness Facility At Laguna Phuket

Category: Real estate, Posted:12 Aug 2022 | 10:27 am The Greater Cherngtalay area in Phuket is set to see a new international-standard medical and wellness facility from leading Thai group BDMS (Bangkok Dusit Medical Services). Located in the middle of the integrated resort development of Laguna Phuket at Canal Village, the offering is targeted at both a growing local and expatriate population and overseas […]
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