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Valentino's Phang Nga Bay Koh Yao Yai Land to be Auctioned

Category: Real estate, Posted:10 Mar 2009 | 12:09 pm

As part of its continuing liquidation program the Government's Thai Asset Management Corporation (www.tamc.or.th) has announced the sale of a number of prime land assets including a number of plots with a total area of over 1,600 rai which were recovered by the government as a result of a land scandal involving a high profile Malaysian businessman.
Borne from the 1997 financial crises the Agency was set up under Emergency Decree B.E. 2544 to handle impaired assets and transfer them from state-owned and private institutions. By the end of last year total assets under management had a value in excess of THB 75 billion.
Recently another lot in Phang Nga bay has been transacted by TAMC. Given the opening of two luxury resorts last year the Six Senses Destination Spa on Naka Yai and Six Senses Hideaway Yao Noi propelled interest in Phuket's east coast hotel market. While three new developments currently underway Jumeirah Private Island Resort, The Yamu and Taj Exotica are tapping into a geographic shift for some very large international high profile accommodation chains.

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C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
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Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
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Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
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