Connect with us

Business

Dream Group scales back their Asia hotel expansion plans

The Thaiger

Published 

 on 

Dream Group scales back their Asia hotel expansion plans | The Thaiger
  • follow us in feedly

New York-based Dream Hotel Group’s plans to expand in Asia have turned into somewhat of a nightmare. The Group has closed its regional office in Bangkok shortly after hiring new executives to push forward with expansion earlier this year. A Pattaya ‘Dream’ has also failed to eventuate this year.

The push in Asia, which kicked off last year with the establishment of a regional office in the Thai capital, was dampened last week with news that the developer of Dream Phuket Hotel & Spa, the Singapore-based investment company Castlewood Group, had gone into liquidation. Dream Phuket Hotel & Spa opened in November 2015 under a franchise agreement with the Dream Hotel Group.

In reporting the news last week, The Thaiger was contacted by the Phuket hotel’s management informing us that the operations at the Cherngtalay-based hotel in Phuket was still in full swing. Indeed the hotel is still accepting bookings next year.

In announcing the opening of the Dream project in Phuket four years ago, Dream Hotel Group was also planning “20 Dream Hotels over the next 10 years.” That ‘dream’ no longer appears to be in the Groups’ plans. A Dream Hotel in Pattaya, scheduled to open this year, didn’t materialise.

The Straits Times, the Singapore daily newspaper, reported last week that Castlewood Group owed creditors, comprising mostly local retail investors, about US$107 million. Disgruntled investors had even lodged a police report speculating that Castlewood Group “might have been a scam”, as reported in The Straits Times.

The original article quoted an investor saying she had stayed at the resort in 2015 on a trip paid for by Castlewood giving her assurance that she had invested in a credible development. She said that she, and her husband, had invested a total of US$210,000. They then received US$16,000 during the first year but no payouts since.

They said the first they heard about any problems with their Castlewood Group investment was when they read The Straits Times article. A number of investors have since contacted The Thaiger with enquires about what was happening with the Phuket-based resort, most of them concerned about ever seeing a return for their investment through Castlewood Group. We’ve referred them to Nexia TS who is the Singapore accounting firm handling the liquidation.

Dream Hotel Group’s chief executive, Jay Stein, says the franchise with Castlewood Group won’t be terminated.

“The hotel continues to operate as it has from its initial opening.”

Phuket Dream Hotel’s management contacted The Thaiger last week asking us to add a quote to our story from them about the viability of the Phuket Dream Hotel.

“The liquidation is for Singapore assets only, NOT Thai assets, the (Phuket) hotel is not being liquidated and operating as normal.”

The Phuket News also reported the next day that the hotel is not affected by Castlewood Group’s liquidation.

“The liquidation is for Castlewood’s Singapore assets only, and not its Thai assets. The hotel is not being liquidated and we are operating as normal,” – GM Chris Adams.

“We have been a strong performer in the Phuket market for the last four years and we will continue to build our business for many years to come.”

Aside from the Dream Hotel Phuket, the only ‘Dream’ branded hotel in Asia is Dream Bangkok in the Asoke district. It’s been running for over a decade (The Thaiger has stayed their twice). There have been plans to upgrade the hotel of about 100 rooms.

“Dream Hotel Group continues to operate the Dream Bangkok and we are still looking at plans for a hotel renovation.”

Whilst turning their attention away from Asia, the Dream Group say they “have a renewed focus on development in North America including the US, Canada, Mexico, Central America and the Caribbean.”

SOURCE: Skift | The Straits Times

Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *



Read more headlines, reports & breaking news in Bangkok. Or catch up on your Thailand news.

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Bangkok

The Thaiger needs an excellent English-speaking vlogger and TV host

The Thaiger

Published

on

The Thaiger needs an excellent English-speaking vlogger and TV host | The Thaiger

Job Description

The Thaiger needs an amazing Bangkok-based English-language “Video presenter (News Anchor/YouTuber)” for our website and social media platforms. You will have previous presenter, host or journalist experience but be ready to learn the tools of modern digital news and information delivery, in text and video. You can be male or female, preferably one or the other.

You will work directly with the CEO at our Bangkok office in Asoke and have an intuitive understanding of social media, experience with online news and an understanding of the Thai media landscape.

You will understand the urgency of the news cycle and be able to adapt and roll with the changes in media delivery. You’ll be motivated and keen to perform at a high level.

You can be Thai or foreigner, but you must be able to communicate as an English native-speaker. If a foreigner, you would have lived in Thailand for long enough to have an intuitive understanding and inside knowledge of the news cycle and culture.

As the Video Presenter you will…

  • Be the Thaiger’s news headline presenter to help produce interesting and exciting original content
  • Sourcing, writing script and presenting stories for multiple platforms and work as part of The Thaiger video content and publishing team to produce excellent content and high SEO level
  • Participate in helping to formulate news stories by pitching ideas and providing feedback on content
  • Quality check each story to ensure grammatical correctness, accuracy and clarity
  • Assist the Thaiger team continue our pursuit as Thailand and the region’s biggest media company
  • Become a modern day media ‘Svengali’

We’re also looking for a full time video editor. They will work with our presenters and writers to edit the video material into high-quality finished product. If you are Thai, with good English-language proficiency, and interested in working with the Thaiger team, send a CV to tim@thethaiger.com and mark your application VIDEO EDITOR. We usually edit on the Davinci Resolve platform.

The Thaiger already produces a range of videos, including the daily ‘Thailand News Today’ and other general information videos.

You can apply through the Jobs DB website HERE.

Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.
Continue Reading

Crime

Bangkok woman arrested for allegedly stealing 1 million baht

Caitlin Ashworth

Published

on

Bangkok woman arrested for allegedly stealing 1 million baht | The Thaiger
PHOTO: Daily News

A Bangkok woman was arrested on fraud charges for allegedly stealing a company checkbook and withdrawing 1 million baht. The 29 year old woman, identified as Krissadee, worked in accounting for a clothing design firm in the city’s Ekkamai area.

Apparently, shortly after she was hired, Krissadee suddenly stopped showing up for work. The company then noticed the checkbook was missing as well as a million baht from the company account.

In an investigation, Khlong Tan police found Krissadee made cash withdrawals. She allegedly told police that she used the money to pay for trips and gambling expenses.

SOURCE: Thai Visa

Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.
Continue Reading

Transport

State Railway officials sign 5 high-speed rail contracts as part of project linking Thailand and China

Maya Taylor

Published

on

State Railway officials sign 5 high-speed rail contracts as part of project linking Thailand and China | The Thaiger
PHOTO: Wei Kakurai / Wikimedia

Officials from the State Railway of Thailand have signed 5 high-speed rail contracts worth more than 40 billion baht, in the latest development in the Thailand – China rail connection. It’s understood the contracts cover phase 1 of the railway, from Bangkok to the north-eastern city of Nakhon Ratchasima (Korat).

It’s hoped that section will carry its first passengers in 2023 and that the line will eventually reach further north, to Nong Khai, and from there, link with a rail connection connecting Laos and China. The high-speed trains will run at speeds up to 250 kilometres an hour.

Nation Thailand reports that the contract signing took place at the Transport Ministry, between SRT governor Nirut Maneephan and the 5 contractors, Nawarat Patanakarn, Thai Engineer Industry, Italian – Thai Development, SPTK Joint Venture, and Civil Engineering. In total, the project will involve over 100 kilometres of railway, with a budget of 40.275 billion baht. The first phase of construction involves 14 contracts, with work under the first one completed and ongoing under the second.

Nirut say the 5 new contractors are expected to take delivery of the land in early 2021, with the 7 remaining contracts being signed next year.

SOURCE: Nation Thailand

Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.
Continue Reading
Thailand News Today | Army deny Twitter spin, “Don’t Reopen”, English proficiency low | Nov 27 | The Thaiger
Thailand3 hours ago

Thailand News Today | Army deny Twitter spin, “Don’t Reopen”, English proficiency low | Nov 27

Thailand News Today | Shots fired, the yellow ducks, “no coup” promise | November 26 | The Thaiger
Thailand1 day ago

Thailand News Today | Shots fired, the yellow ducks, “no coup” promise | November 26

Thailand News Today | No vaccine, no flight, protest latest, smoking ban | November 25 | The Thaiger
Thailand2 days ago

Thailand News Today | No vaccine, no flight, protest latest, smoking ban | November 25

Thailand News Today | Holiday road toll, protests tomorrow, GDP recovery | November 24 | The Thaiger
Thailand3 days ago

Thailand News Today | Holiday road toll, protests tomorrow, GDP recovery | November 24

Thailand News Today | Dinosaurs in BKK, BOT tackles Baht, Special K isn’t special | November 23 | The Thaiger
Thailand4 days ago

Thailand News Today | Dinosaurs in BKK, BOT tackles Baht, Special K isn’t special | November 23

Thailand News Today | Bangkok exodus, Pattaya air pollution, Vaccine next month? | November 20 | The Thaiger
Thailand1 week ago

Thailand News Today | Bangkok exodus, Pattaya air pollution, Vaccine next month? | November 20

Thailand News Today | Protests to escalate, Domestic violence, Tourist visa exemptions? | Nov 19 | The Thaiger
Thailand1 week ago

Thailand News Today | Protests to escalate, Domestic violence, Tourist visa exemptions? | Nov 19

Thailand News Today | Emergency Decree, Protesters shot, Baht boost temporary | Nov 18 | The Thaiger
Thailand1 week ago

Thailand News Today | Emergency Decree, Protesters shot, Baht boost temporary | Nov 18

Thailand News Today | Protesters v Police, Quarantine reduction, VietJet passenger arrest | Nov 17 | The Thaiger
Thailand1 week ago

Thailand News Today | Protesters v Police, Quarantine reduction, VietJet passenger arrest | Nov 17

Thailand News Today | The RCEP reset, Hotel Talkfest, Protesters to be arrested | November 16 | The Thaiger
Thailand2 weeks ago

Thailand News Today | The RCEP reset, Hotel Talkfest, Protesters to be arrested | November 16

Thailand News Today | Coconut Business, Weekend protests, Pork dressed as Beef | November 13 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Coconut Business, Weekend protests, Pork dressed as Beef | November 13

Thailand News Today | More Thai Airways debt, Korean soldier, TripAdvisor warning | November 12 | The Thaiger
Thailand2 weeks ago

Thailand News Today | More Thai Airways debt, Korean soldier, TripAdvisor warning | November 12

Thailand News Today | PTT pays out, Revised visa requirements, Protester’s asylum | Nov 11 | The Thaiger
Thailand2 weeks ago

Thailand News Today | PTT pays out, Revised visa requirements, Protester’s asylum | Nov 11

Thailand News Today | Thai official positive, Head-butt latest, protest letters | November 10 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Thai official positive, Head-butt latest, protest letters | November 10

Thailand News Today | Golf STVs, Russian head-butted, protest latest | Nov 9 | The Thaiger
Thailand3 weeks ago

Thailand News Today | Golf STVs, Russian head-butted, protest latest | Nov 9

Follow The Thaiger by email:

Trending