TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Villa Owners Buy Out Karma Samui

Category: Hotels, Posted:06 Jun 2013 | 10:31 am

A consortium of existing villa owners have obtained the management rights of the Karma Samui which has been renamed Kanda Residences.
Included in the deal were a number of villas which were owned by a subsidiary of Karma Resorts.
Klaus Rauter's Mai-BS firm has been engaged as interim manager.
The case of owners in hospitality led residential project's actively taking a larger role in management is on the rise in resort market's in Asia.
One of the key disconnects between hotel management groups and property owners is that larger units – three, four and five bedroom villa's do not generate high occupancy given most demand is for smaller units, thus there is not an aligment of interests.
Going forward the best advice for developers is to create greater flexibility be it lock off units in condos and apartments or have the ability to in villas be able to design units which can be rented either seperately or as a larger single properties.

Other News

Read more

Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
Read more

GOCO Hospitality Inks Deal With Singapore Temasek to Expanded Wellness Resorts in Thailand and Southeast Asia

Category: , Posted:07 Feb 2024 | 10:33 am Leading Bangkok-based wellness group GOCO has signed a deal with Singapore’s Temasek private equity group via The Fullerton Fund. The injection of funds into GOCO is reportedly ‘high eight figures’ and will fund expansion in Thailand and Southeast Asia into hospitality assets. Two acquisitions are expected to be announced in March by Founder and CEO […]
Read more

Phuket Brand Conversions and Affiliations Ramp Up as Tourism Rises

Category: , Posted:06 Feb 2024 | 09:45 am Back of surging tourism numbers. Phuket hotel owners and developers are increasingly looking to convert to brands or affiliate to soft brands. The 274-key Village Coconut Island Beach Resort is part of the Spanish hotel group Barcelo. Now known as Barcelo Coconut Island, it is located on Phuket’s east coast on Koh Maphrao. Barcelo has […]
SiaJai logo

Thailand's Leading Homecare Marketplace