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The Palm tops out at 46th floor
Developer Winston Gale
(center left) and Richard Bell from Cornerstone Project Management (center
right) pose with some key team members on the rooftop of The Palm, Wongamat
Beach.
The end of Songkran saw the award winning ‘The Palm,
Wongamat Beach’ condominium project finally conclude the construction of its
tallest building’s rooftop. The Palm, with 2 towers of 26 and 46 floors
respectively, was launched in 2011 and has since become known as a luxury
landmark in north Pattaya.
Co-developer Winston Gale said, “We are delighted to have reached the 46th
floor in our front tower. Our construction completion date of June 2015 is
on target and this milestone we have reached allows us to concentrate now
fully on interior works.”
The Palm was voted the 2013 “Best Condominium Eastern Seaboard” at the
Thailand Property Awards and now looks to finally command the northern tip
of Pattaya and fulfill its role as one of Pattaya’s leading high-profile
developments. Sales of the project reflect the The Palm’s continuing and
on-going success. “We now have just 7 units left to sell out of 542, so for
us it has been a great success story,” said Winston.
The Palm is located at the far end of the Wongamat peninsula on Soi 16, an
area that has long been favoured as one of the most exclusive in and around
Pattaya. Wongamat is one of Pattaya’s most dynamically changing areas over
the past 5 years.
The Palm is a Nova branded project and the company also has its low-rise
‘Serenity’ development close by, which is also well under construction. Nova
Group’s Rony Fineman partnered-up with Winston Gale in 2010 to develop The
Palm jointly. Winston also has his own twin-tower ‘The Riviera’ project on
Wongamat Soi 16, branded by The Riviera Group.
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Siam@Siam Design Hotel celebrates grand
opening in Pattaya
Directors and management of
Siam@Siam Hotels join public officials on stage for the grand opening of the
new, stylish Siam@Siam Design Hotel Pattaya at a lavish party held May 24.
(Standing left-right) Prathanporn Pornprapha, Assistant Managing Director of
Siam@Siam Design Hotel Pattaya; Pornpinit Pornprapha, Managing Director of
Siam@Siam Hotels; Itthiphol Kunplome, Mayor of Pattaya City; Dr. Pornthep
Pornprapha and former senator Sutham Phanthusak, MD of Woodlands Resort
Group.
The eyecatching Siam@Siam Design Hotel Pattaya officially
opened its doors to the public at a lavish celebratory party held Saturday,
May 24.
Top local officials including Pattaya Mayor Itthiphol Kunplome and
Banglamung District Chief Sakchai Taengho were in attendance to congratulate
Siam@Siam founder Pornpinit Pornprapha and his family on the opening of the
268-room hotel.
Siam@Siam Design Hotel is located in a convenient area of
north Pattaya, just off Second Road, which provides easy access to public
transportion, local restaurants, mini marts and is a short walk to the beach
and major shopping venues.
Differing from other hotels, Siam@Siam promises to offer its own unique
ambience in the city, combining modern design with a colourful expression of
contemporary art. The concept is to integrate the art with a comfortable
living environment - creating a colorful, fun and unforgettable experience
for everyone.
The Siam@Siam Design Hotel
Pattaya is a new landmark on the Pattaya skyline.
Guests will get to experience the underwater cave themed
atmosphere as they explore various indoor facilities. The ground floor of
the hotel features “The Car Bar”, a bar and restaurant which exhibits both
old fashioned and modern vehicles as part of its decor. The concept of the
Car Bar is more like a street influence with a mix of art.
“Siam@Siam was established about 8 years ago when the company started
building the first hotel in Bangkok”, says Pratanporn Pornprapa, Assistant
Managing Director of the Siam@Siam Design Hotel. “No matter how far we go
with our artistic interior designs, we would never leave out what represents
the tradition of Thailand, plus the first location was near the Siam Square.
So that’s why we thought that we would just stick with this name wherever we
go.
The hotel’s 268 guestrooms are
all tastefully decorated and provide plenty of living space.
“Our hotel has a special feature of 2 rooftop decks that
provide a spacious area and breathtaking views of Pattaya bay and the city.
On the top deck we have a movie screen where guests can enjoy a film while
relaxing. We also offer a variety of accommodation, from leisure class to
business class suites, and our youth class rooms are geared towards groups
of three or more, especially families”.
The Siam@Siam Design’s guestrooms and suites are all tastefully decorated in
the hotel’s signature colour scheme. The eye-kicking design features and
various recycled materials are combined with a twist of home comfort and
modern amenities to create highly appealing spaces for guests to relax in.
The 25th floor infinity pool
offers fabulous 360 degree views of Pattaya bay.
The “Big Fish” All day international dining restaurant is
another attraction located on the 6th floor of the hotel and is open 24
hours round the clock. The name gives it away as the restaurant is decorated
with large fish designs that incorporate recycled materials, including some
beautifully crafted jellyfish lamp shades. The Big Fish provides plenty of
space, tables and breathtaking outdoor views.
Moving on to the higher floors, guests will get to experience the
spectacular water fantasy themed atmosphere of the double decked Roof Top
Bar, which is located on the 24th and 25th floors. An ideal place to relax
and chillout during he day or night, the area receives natural
air-conditioning from the cooling breezes coming off Pattaya bay.
A professional fitness room is also provided for gym lovers who like to keep
in shape. The 25th floor provides another spectacular pool with with
spacious areas for picnics and dinner parties along with a 360 view of
Pattaya.
For information about the Siam @ Siam Design Hotel, call 038 930 600 or go
to website: siamatpattaya.com.
(By Marcus Souksi/PM)
The Roof Top Bar and pool area
is perfect for dinner parties and picnics.
Work out in the 24th floor
fitness center and enjoy stunning views of Pattaya.
Stylish and trendy ambience in
the hotel’s Car Bar.
A warm welcome awaits guests
at the newly opened Siam@Siam Design Hotel Pattaya.
The Big Fish restaurant – a
perfect dining out option .
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Accor on board
at the Waterfront
 Local
luxury property developer the Tulip Group has entered into a management
agreement with world renowned hospitality giant Accor for the prestigious
Waterfront project at Bali Hai in Pattaya, joining Accor’s MGallery
collection of unique hotels.
Accor, the world’s leading hotel operator and market leader in Europe and
Asia-Pacific, is present in 92 countries with more than 3,600 hotels and
460,000 rooms.
Speaking at a recent event, Tulip Group Vice President Jason Payne
commented: “Everyone at Tulip Group is extremely excited to be working with
such a prestigious company as Accor. We feel that the MGallery brand is
perfectly suited to our unique and iconic Waterfront property.”
Patrick Basset, Chief Operating Officer for Accor Thailand, Vietnam, South
Korea, Cambodia, Laos, Myanmar, and the Philippines said, “We have been
searching for the right property in Pattaya with a unique story and
distinguishing characteristics that will fit the profile of the upscale
MGallery brand, and now we have found it. With a meticulous modern design
and striking avant-garde exterior, this new member of the MGallery
collection will change the landscape of Pattaya. We are proud of this new
partnership and would like to thank Tulip Group for their trust in choosing
to work with us.”
Tulip Group CEO Kobi Elbaz was equally excited about the agreement with
Accor saying, “An MGallery hotel is perfect for our property. My VP Jason
and I have wanted to work with Accor for some time and I hope that this will
be just one of many properties that we will work on together. I am convinced
that this hotel will be one of the most exciting to be built in Pattaya.”
MGallery is a collection of high-end hotels, each one inspired by one of the
three themes – Heritage, Signature or Serenity. Hotels under the “Heritage”
theme are accommodations with origins filled with history; “Signature”
hotels offers an aesthetic universe, with a style and personality that is
inspired by a visionary; and “Serenity” hotels promise a serene, relaxing
refuge in a natural or urban retreat. Waterfront Pattaya Hotel will fall
under the “Signature” theme.
Waterfront Suites and Residence will comprise of a 300-room world class
condominium and an MGallery hotel of 120 upscale guestrooms. The property is
set to change the Pattaya skyline forever due to its high tech design and
location directly next to the famous neon “Pattaya” sign. Waterfront Pattaya
hotel is scheduled to open first quarter 2015.
Tulip Group currently has five condominium projects and 6 upscale hotels
under construction, working with local and international hotel operators
such as Centara Hotels & Resorts, Accor, Golden Tulip Hotels and Red Sea
Group.
Jason Payne announced also that Tulip plans to expand its portfolio in
Thailand to add a further 5 hotels, and talks are ongoing for a luxury
condominium on Wongamat beach and a further branded residence in Bangkok
Central Business District.
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The Base Central Pattaya on track for 2016 opening
Construction work well underway on The Base
Central Pattaya.
Sansiri PLC., one of the premier luxury real estate
developers in the country, held a press conference and media day on May 14
to give a construction progress update on ‘The Base Central Pattaya’
condominium, which is scheduled to be completed and ready for ownership
transfer by April 2016.
 Uthai
Uthaisangsuk, Senior Executive Vice President of Business Development &
Project Development Division (Condominiums), Sansiri PLC.
Uthai Uthaisangsuk, Senior Executive Vice President of Business Development
& Project Development Division (Condominiums), Sansiri PLC., stated, “The
‘Base’ brand was first introduced to the market four years ago, and due to
the popularity of the concept with our customers we currently have 15 ‘Base’
projects either currently under construction or completed, five of which are
located in Bangkok and another ten in upcountry provinces. All of these
projects have so far received a very warm welcome from customers, and this
is especially so for the highly-successful ‘The Base Central Pattaya’, which
was launched in mid February 2013.”
Located on a prime 6-rai land plot in the center of the city on Pattaya Sai
Song (Second Road), the project sits just 300 metres away from the Central
Festival Pattaya Beach shopping mall. The complex comprises two residential
condominium buildings – one 31-storey and another 27-storey, plus another
4-storey parking facility. Unit types include 1-bedroom and 2-bedroom
configurations with dwelling areas ranging from 28.5 to 69.50sqm. The
project will offer a total of 1,112 units altogether, the owners of which
will be entitled to a range of first-class facilities. Prices start from
1.99 million baht.
The development was granted the Environmental Impact Assessment (EIA)
certificate on 27th February 2014 and construction began in March of this
year. Around 10% of the architectural structure has been completed already,
including the pile-driving work. The construction process, which is being
carried out by Construction Line Co., Ltd., with Project Direction Co., Ltd.
as the construction supervisor, is anticipated to last 27 months.
“Throughout our 30 years in existence, Sansiri has always placed customer
satisfaction at the top of our priority list. That is why we have a truly
efficient and professional construction management system in place that
ensures both the quality and timeliness of our construction works. Such
genuine commitment to quality is what, we believe, has created the
trustworthiness our customers have in Sansiri and it is one we strive to
live up to,” added Mr. Uthai.
Construction progress of The Base Central Pattaya is updated for customers
regularly via the company’s official website at www.sansiri.com. Once
complete, all co-owners of the development will be entitled to a range of
special ‘Sansiri Family’ privileges along with access to all three of the
Sansiri special lounge facilities located at Siam Paragon in Bangkok,
Central Festival Phuket, and at Sansiri Holiday Lounge Hua Hin.
“At Sansiri, we always strive to offer our valued customers the very best…
both in terms of product quality and service excellence”, concluded Mr.
Uthai.
The project is ideally located
in the center of the city, close to the major shopping and dining
attractions plus the beach.
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The Cloud condo set to rise on Pratamnak Hill
The Cloud sales team and
management welcome prospective customers to the project’s newly opened
showroom.
A new condominium tower offering tenants a chance to live
in the clouds has been set for construction on Pattaya’s Pratamnak Hill.
Global Top Group and Troung Co. announced The Cloud condominium project for
Soi Kasetsin 2 at the project’s new showroom on May 16.
Behind the project is Global Top Director Yigal Yonah Heli, owner of the
Paradise Ocean View Pattaya, and Australian Frank Satar, the former sales
director for Kingdom Property, the Tulip Group and the Nova Group. Wipa
Bovornrattanakosol, co-owner of the City Garden Tropicana and four of her
children sit as directors.
Unit sizes at The Cloud will
range from 25-65 sq. meters with prices starting from 1.65 million baht
fully furnished.
The 80-meter tower on a single rai of land will offer 161
rooms sized from 25-65 sq. meters. Prices begin at 1.65 million baht
furnished. It will have two levels of underground parking for 100 vehicles.
A swimming pool, playground and gym are also planned.
Executives estimate the project will finish completion in spring 2016.
Project Director Dusadeeporn Mudnasakul said all rooms will have a sea view
and be close to Cosy Beach.
For more information about the project, go to website:
www.thecloudpattaya.com.
(By Urasin Khantaraphan/PM)
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Military coup to have limited
impact on Thai real estate
Suphin Mechuchep, Managing Director of JLL
(Thailand).
While the ongoing political developments in Thailand are
expected to have a negative effect on the country’s investment sentiment,
the impact on the real estate sector has so far remained minimal, according
to Suphin Mechuchep, Managing Director of international property services
firm JLL (Thailand).
“Our discussions with clients and business partners, including property
developers, investors and corporate occupiers, show that the coup came as no
surprise. Many of them had not expected negotiations between pro- and
anti-government parties facilitated by the army to settle the country’s
political crisis,” said Mrs. Mechuchep.
“In addition,” she continued, “most of the existing property players in
Thailand have appeared immune to the current political situation. They have
experienced many disruptions that the country has been through in the past,
whether they be previous coups, political violence and natural disasters.
Experience has shown that most of these disruptions are either short-lived
or have limited direct impact on the real estate sector. Economic crises
have been far more harmful to real estate. Capital and rental values in some
property sectors in Thailand fell during the Asian Financial Crisis
(1997-1998) and the Global Financial Crisis (2007-2008), but over the past
seven months of pre-coup anti-government protests, capital and rental values
in most property sectors have continued to grow.”
Mrs. Mechuchep conceded that the coup may scare off property investors who
are new to Thailand but viewed that new investors have been less willing to
enter the Thai market anyway, due to political turmoil that the country has
endured since late last year.
“Similarly, property developers, owners, investors and occupiers are
becoming more cautious, with some of them adopting a wait-and-see approach.
There remains no clear evidence of the coup changing the situation at this
stage,” added the JLL chief.
Mrs. Mechuchep opined that it was too early to tell if the military
intervention could provide a solution to the country’s political deadlock
and help reduce political uncertainty, or would have negative or positive
impact on the overall economy and the real estate sector down the line.
“It is expected that an interim government will be formed shortly. If the
resistance is limited and the interim government is capable, we would then
see some hope,” she concluded.
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CBRE says sales of luxury condos at
90% despite overall market slowdown
Nirvana CEO Sornsak Somwattana (left) and Simon
Landy, Executive Chairman of Colliers International Thailand (right) shake
hands on the new business partnership set up between the two companies.
Leading real estate agency CBRE Thailand’s has reported that although the
political turmoil and economic slowdown since late 2013 has cast a cloud
over the real estate industry in Thailand, it has had a minimal impact on
the high-end condominium market, especially regarding luxury and
well-located projects. The decrease in new luxury condominium supply and a
continued strong demand as well as the high purchasing power of buyers was
cited by CBRE as the main reasons for this.
Aliwassa Pathnadabutr, Managing Director of CBRE Thailand, commented: “In Q4
2013, there were 4 new condominium projects officially launched and
represented by CBRE Thailand with a total of 1,369 units offered for sale.
We managed to generate a total sales volume of over THB 8 billion with a
sales rate of 90% achieved in most of the new projects and one project was
100% sold out.
“Key factors leading to the successful sales performance, despite the
overall market slowdown, include the developers’ in-depth understanding of
their target markets which led them to create and offer products that
matched high-end buyers’ requirements. In today’s competitive market,
developers creating a high-end or luxury product need to match customers’
requirements, especially in terms of unit size, layout, quality of
specifications, and building architecture as well as decoration style. I
believe there is still room for innovation in new product development,”
added Ms. Pathnadabutr.
Luxury condominium projects scheduled for completion and transfer in 2014
that CBRE Thailand represents as marketing consultant and sole sales agent
include HYDE Sukhumvit (95% sold) and MODE Sukhumvit 61 (100% sold out).
Usually, the level of unit cancellation in the high-end segment is very low.
“Most luxury condominium projects require down payment as high as 30%
resulting in a limited number of speculators. Some buyers may sell their
units for capital gains while most of the buyers are either long-term
investors or treat the units as assets for their children. High-quality
projects are mostly situated in good locations and prices will not fall. For
instance, a number of completed condominium developments located on the main
Sukhumvit Road were sold at 20% higher than the launch prices,” said Ms.
Pathnadabutr.
This year CBRE Thailand will launch around 6 new condominium projects for
developers in the second half of 2014 with a total value of approximately
THB 11 billion, including a resort condominium and villa project in Khao Yai
located on Phansuek-Kudkla Road, a freehold condominium project on Langsuan
Road, a luxury riverside condominium project, a luxury single house project
in downtown Bangkok, and low-rise luxury condominium projects on Sukhumvit
55 and Nanglinchee Roads. Registration for these new projects will open in
early June 2014.
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New players spruce up
Chao Phraya waterfront
Raimon Land’s luxury development The River, now
80% transferred, draws more residents to waterfront lifestyle.
The Bangkok property scene is buzzing anew as developers
snap up land on both banks of the Chao Phraya River, as revealed by leading
property developer Raimon Land. The unrelenting pace of urbanization in
Bangkok has led to a surge in demand for prime waterfront locations for
residential, commercial and hotel projects, transforming specific riverside
areas into genuine five-star neighbourhoods.
The Chao Phraya’s riverfront – especially along Charoen Krung and Charoen
Nakhon roads – is where history and modernity meet. In fact, Charoen Krung
is Bangkok’s oldest road which runs roughly parallel to the Chao Phraya
itself.
First built in 1862 under King Rama IV, Charoen Krung was designed in
response to requests from diplomats of the time, who sought the refreshing
river breeze and required a street suitable for horses and carriages. Today,
the Charoen Krung neighborhood is the site of many top-notch hotels and
stretches to one of the city’s successful open-air malls, Asiatique. Its
meteoric rise as a major shopping and entertainment landmark has triggered
the development of a second Asiatique project on the ‘West (Thonburi) side’
of the Chao Phraya river – complete with an ambitious cable car system that
would eventually connect the two.
Joining Asiatique along the river’s path is a wave of exciting ventures. On
the ‘West side’, a new mixed-use megaproject nestled on 40 rai of freehold
land will soon rise next to the Millennium Hilton, co-developed by Siam
Piwat (a name behind luxury retail giant Siam Paragon), and Magnolia Quality
Development (property arm of CP Group).
Right beside The Peninsula Bangkok, the world’s first Peninsula branded
residences are also said to be on the drawing board. And adjacent to the
Anantara Riverside Hotel will emerge the first Avani hotel in Thailand, to
be built by the Minor Hotel Group.
On the ‘East (Bangkok) side’ of the river, listed developer The Country
Group has just announced plans for its flagship property, Landmark
Waterfront, next to Chatrium Hotel. This ambitious development would
comprise several projects: The Capella Bangkok - featuring a luxury hotel, a
residential tower and a series of waterfront villas - plus the 5-star
Jumeirah Hotel and Residences, to be launched by the award-winning
Dubai-based hotel chain. It is being joined by the Menam Riverside Compound,
one of the first anchor developments in the area.
“We are in very good company,” says Simon Dervillé, Deputy Vice President
Business Development of Raimon Land, developers of The River condominium in
Bangkok. “With fantastic new developments in the offing, waterfront living
has really taken off in Bangkok. As people are realizing the uniqueness and
intrinsic value of the Chao Phraya, commercial developers are investing
heavily in substantial projects that will enhance not just lifestyle, but
also convenience.”
The River is located in the most time-honoured neighbourhood, among the most
distinguished hotels in the world and historical embassy compounds. With
just a few units left, The River comprises two towers that stand 71 and 41
storeys tall.
Chic hotel brand, ‘klapsons’ that started in Singapore will launch its first
serviced residences at The River together with Raimon Land. klapsons The
River Residences Bangkok will operate 92 units from the 23rd to the 31st
floors of the North Tower, offering its residents refined luxury and
quintessential service.
The River’s premises also include Vue, a boutique fusion mall that completes
the waterfront lifestyle with an outstanding mix of select neighborhood
stores and services, like a supermarket, coffee shops, banks, etc. Both The
River and Vue are complemented by open spaces and lush greenery to go along
with the riverside atmosphere, creating a lively yet serene atmosphere for
all residents.
So far, 90% of The River’s 838 units have been sold, 80% are transferred
leaving just 70 available on the market.
For further information, visit www.raimonland.com.
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Chiang Mai condo prices hit new highs
The new luxury Baan Chiang Mai
Riverside condo has pricing similar to Bangkok.
Despite the political issues being faced by the country,
the condominium market in Chiang Mai is so far showing no signs of being
affected. In fact, asking prices for high quality projects under
construction adjacent to the Ping River have reached a new benchmark with
The Baan Chiang Mai Riverside, an exclusive, luxurious 14-unit development
just south of the city, quoting prices of THB 150,000/m2 - such pricing akin
to some new projects in the capital Bangkok.
Simon Bradshaw, a director of Perfect Homes, a leading Chiang Mai property
agency, said: “This just proves that, as we have said before, people are
willing to pay for quality. Without a doubt, the quality of projects in
Chiang Mai, both in terms of design and finishes, has improved greatly over
the last 2-3 years.”
With 1-2 bed units ranging from 65m2 to over 120m2, and offering 3-4
different interior fit outs, The Baan Chiang Mai Riverside appears to offer
something for everyone. The official launch of the project is planned for
July.
(By Keith Humphreys)
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Ananda Development announces Q1 revenues up 70%
An artist’s graphic shows
Ananda’s IDEO MOBI Sukhumvit condominium.
Real estate giant the Ananda Development PCL has recently
released its revenue results for the first quarter of 2014. The results show
an income growth of 70% from the same quarter last year with revenues up at
1,790 million baht, exceeding the company’s projections for the quarter by
14%.
Ananda announced a net profit of 110 million baht and also reported presales
for the quarter of 2,142 million baht, exceeding the guided presales amount
by 53%.
 Chanond
Ruangkritya.
Commenting on the results Muntana Aue-Kitkarjorn, Chief Financial Officer of
Ananda Development, stated: “We are pleased to have achieved stronger than
expected revenues and profits in the first quarter of 2014. Transfers were
affected by the political and economic situation but demand from customers
was strong enough that we achieved a 70% increase in revenue compared to the
same quarter a year ago. Our gross profit margin remained exactly on target
at 34% and the net margin of 6% for the quarter reflects a relatively low
level of total revenues as we had no new projects completing, but costs
remained constrained, with SG&A declining 54% compared to the previous
quarter.”
Reflecting on the presales results, Ted Thirapatana, Chief Business
Development Officer for the company, said, “Exceeding our guidance for
presales by 53% shows that despite the political situation and economic
weakness, demand remains strong for affordable units close to mass transit
stations. We are also pleased that presales for housing of 679 million Baht
in the first quarter represent a 76% increase on the 384 million baht
presold in the same quarter a year before. This demonstrates that housing is
back on track to perform as expected, after a difficult year in 2013, as we
had to bring the housing production system up to speed after the IPO.”
He added, “Our customers are not showing any sign of financial stress
despite the economic slowdown. Over 35% pay for their units entirely in cash
and not a single one of our condominium customers was rejected for a
mortgage during the quarter.”
Adding to the positive spin was Ananda CEO Chanond Ruangkritya, who
commented: “As a company we laid out a five year business plan to the
investment community. Despite the political and economic situation we have
continued to execute and deliver on this plan. We have continued to acquire
land for future projects and including announced and unannounced projects we
have sufficient assets on hand to generate our targeted revenues for 2014,
2015 and 2016, with 2017’s “bucket” already 45% full.”
Ananda Development was founded in 1999 by Chanond Ruangkritya. The
developments under its credentials include golf courses, housing estates and
condominiums, primarily located in the Bangkok area and its environs. In
2007 Ananda started to manage real estate funds invested in residential
condominiums along the city’s mass transit rail lines. With Pramerica Real
Estate Investor Asia as a partner, the fund has targeted to develop 8,400
units worth Baht 21 billion in sale proceeds to serve demand of a young
generation of Bangkok residents. The projects, which include IDEO MOBI
Phyathai, IDEO MOBI Sukhumvit, IDEO MOBI Sathorn, and IDEO MOBI Rama 9, are
currently in the construction process.
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Louvre Hotels reveals
major expansion in Indonesia
(Left to right): Golden Tulip
Southeast Asia Managing Director, Mark Van Ogtrop; Louvre Hotels Group Chief
Development Officer, Matthieu Evrard; Louvre Hotels Group CEO,
Pierre-Frederic Roulot and Golden Tulip Indonesia Vice President, Erick
Herlangga shake hands after announcing the new expansions plans for the
hotel chain in Indonesia.
Louvre Hotels Group, the 10th largest hotel group in the
world and second largest on Europe, has announced an aggressive expansion
plan for Indonesia, projecting the opening of up to 30 hotels within the
next three years under the Golden Tulip and Première Classe brands.
The announcement marks a further commitment to the destination following
Golden Tulip’s entry into the market in late 2012, since when it has opened
the 138-room Golden Tulip Galaxy Banjarmasin, with a further six hotels for
an additional 1,286 rooms scheduled to open this year.
These include three hotels in the booming international tourism destination
of Bali - Golden Tulip Devins, Seminyak, Golden Tulip Essential, Denpasar
and Golden Tulip Jineng Tamansari, Kuta - as well as Golden Tulip Essential
Pontianak in West Kalimantan and two properties in Bandung, the Golden Tulip
Kalyana, Buah Batu and the luxurious five-star Royal Tulip Bandung, Baros,
Cimahi.
The expansion will also include the unveiling of the Première Classe brand
for which there are 10 hotels in the pipeline in Indonesia including one of
the biggest Première Classe hotels in the world to open in Bandung in 2016.
Louvre Hotels Group Chief Executive Officer, Pierre-Frederic Roulot, said he
was excited about the high growth potential of such an exciting destination
where a company such as Golden Tulip could offer owners the assurance of
international management expertise and distribution and the recognition of a
strong brand.
“We are delighted to be revealing our plans today for Golden Tulip and
Première Classe brands in Indonesia. The strong economy and solid long-term
outlook will fuel greater business opportunities and travel in the country
will become greater,” said Mr Roulot.
“The increase of access through fast developing airline infrastructure means
the movement of people for business and leisure has never been greater and
in this we see a great opportunity to establish partnerships to manage high
quality hotels throughout the country,” he added.
Golden Tulip Hospitality Management South East Asia Managing Director, Mark
Van Ogtrop, commented: “I believe Indonesia as the 10th largest economy in
the world will become one of the most important and attractive markets for
hotel chains and I am confident we will be successful, offering value to
owners and employment opportunities to local staff.”
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Tulip Group appoints
new Marketing &
CommunicationsManager
Worawaranch Tharataphisawas
(left), the new Senior Marketing & Communications Manager for Tulip Group,
and Jason Payne, Tulip Group Vice President, pose for a photo to announce
the new appointment.
Property developer the Tulip Group recently announced the
appointment of Worawaranch Tharataphisawas as the new Senior Marketing &
Communications Manager for its Real Estate and Corporate Marketing
departments.
Miss Tharataphisawas and her team will be responsible for Tulip Group brand
positioning and market analysis for all current and future projects. Miss
Tharataphisawas holds master’s degrees in Advertising & Marketing from the
University of Leeds (UK) and International Relations from Chulalongkorn
University.
“I am extremely pleased to welcome Worawaranch Tharataphisawas to this
position. She brings great experience with her and this experience will be
invaluable to Tulip Group in promoting our projects and developing our
corporate image. Going forward she will join me and my team to strategically
plan future properties that are suitable for the market conditions and
maximize opportunities for the group,” said Jason Payne, Vice President for
Tulip Group.
In further expansion of the group, Primrata Tungateja will be promoted to
Sales Director and will head up both local and International sales
departments. Miss Tungateja holds a master’s degree in Marketing from
Sunderland University (UK) and a bachelor’s degree in International business
from Shinawatra International University.
“The appointments and promotions of top quality Thai individuals like Miss
Tungateja and Miss Tharataphisawas show our commitment and drive to have the
very best people controlling Tulip Group operations and move Tulip Group to
the next level,” added Jason Payne.
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CBRE picks up top honors
at Asia Pacific Property Awards
Property consultancy firm CBRE was named Best Real Estate
Agency in Thailand for the fifth consecutive year, Best Property Consultancy
Website in Thailand (www.cbre.co.th) for the fourth consecutive year, and
Best Property Consultancy in Thailand for the second time at the prestigious
Asia Pacific Property Awards 2014 that were recently held in Kuala Lumpur,
Malaysia.
At the award ceremony, CBRE received 11 national awards and the Asia Pacific
regional award for Best Property Consultancy for the second year running.
CBRE New Zealand, which was named Best Property Consultancy in Asia Pacific,
will now compete against other regional winners from Europe, UK, Africa and
the Americas to find the World’s Best Property Consultancy. The global
winner will be revealed at an awards ceremony in Dubai at the end of 2014.
CBRE Thailand has previously won the global awards for Best International
Property Consultancy Marketing December 2013 for Park Ventures and earlier
Best International Commercial Real Estate Agency Website.
CBRE regional offices won Best Property Consultancy at the national level in
Australia, South Korea, Taiwan, Vietnam and New Zealand and Highly Commended
awards for China, Hong Kong, India, Japan, Philippines and Singapore.
CBRE Thailand’s Chairman, David Simister, said, “Winning the Best Real
Estate Agency, Best Property Consultancy Website and Best Property
Consultancy in Thailand is a testament of our continuous success and our
dedicated Thai team and it is very gratifying to receive international
recognition of our expertise and experience.”
The Asia Pacific Property Awards are part of the long-established
International Property Awards. Judging is carried out through a meticulous
process involving a panel of over 70 experts covering every aspect of the
property industry.
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