Just 2 months ago, locally based property developers the Tulip Group announced that they had entered into a MOU (Memorandum of Understanding) with Golden Tulip Hotels & Resorts for a luxury 5 star hotel on recently purchased land on Soi 5 Pratumnak.
Tulip Group has now confirmed that all necessary permits are now in place after receiving full EIA approval.
The 25-storey luxury property, to be named Royal Tulip Suites Pattaya, will offer 320 deluxe rooms and luxury suites, a panoramic rooftop restaurant and sky bar, two swimming pools and a whole host of luxury facilities expected within a 5 star property. The property is simple steps from the beach and all rooms will offer stunning views of every angle of the city.
An artist’s drawing shows the Royal Tulip Suites Pattaya on Pratumnak Soi 5.
Tulip are currently working with their architects and Golden Tulip’s technical teams to finalize all facilities and design, but as the early artist’s impression shows, the property will certainly be a landmark in this area.
Tulip has also confirmed that they will be offering very limited investment opportunities for property investors, allowing them to purchase a room in the project and Tulip will leaseback the property to the hotel.
“We plan on offering a limited amount of rooms to property investors, whereby we will leaseback the room from the purchaser, and give them a guaranteed return on their investment, there will be no sinking fund or management costs. This will give clients an opportunity to purchase a room in a hotel and have peace of mind, security and a guaranteed investment return” said Jason Payne Tulip Group Vice President.
Projects Asia onboard for Centara Grand Residence
In other news from Tulip Group, the company has confirmed that “Projects Asia” have been appointed as Project Managers for their luxury five star beachfront condominium and hotel, Centara Grand Residence Pattaya.
Projects Asia have been managing projects in Thailand for more than 23 years. The 500+ major projects they have handled in that time cover every type of building including luxury condominiums, branded hotels, mega shopping malls and premium office developments.
Their project experience covers all of Thailand, from Phuket to Chiang Rai and Kanchanaburi to Pattaya and of course many of Bangkok’s landmark developments, most recently including the St Regis Hotel & Residences and the Univentures’ Okura Prestige Hotel.
Tulip Group has also issued a letter of award to Thai BAUER for the piling works on the project which is expected to start in October this year.
