Kamala to get Hyatt Regency
PHUKET: Hyatt Hotels Corporation announced last week that a Hyatt affiliate has entered into a management agreement with Kamala Bay Ventures Co Ltd for a Hyatt Regency branded resort in the Kamala area.
The hotel will be the first Hyatt-branded resort to open in Phuket, one of Southeast Asia’s premier resort destinations. Expected to open later this year, Hyatt Regency Phuket Resort will join two existing Hyatt-branded hotels in Thailand, the Grand Hyatt Erawan Bangkok and Hyatt Regency Hua Hin.
Hyatt Regency Phuket Resort will follow the opening of Park Hyatt Siem Reap and Park Hyatt Changbaishan this year
“We are honored to further strengthen our relationship with Kamala Bay Ventures Co Ltd, which through its affiliates is also the owner of Park Hyatt Siem Reap and Park Hyatt Maldives Hadahaa,” said Ratnesh Verma, senior vice president, real estate and development, Asia Pacific for Hyatt Hotels & Resorts
The hotel, to be located along the upscale Millionaire’s Mile, overlooking Kamala Bay, will feature 202 guest rooms, in addition to more than 4,300 square feet of meeting facilities, three food and beverage outlets, a club lounge, fitness center, outdoor swimming pool, and spa.
According to Phuket Insider, the Hyatt affiliate, KS, is the owner of the Hyatt properties in the Maldives and Siem Reap, and also owns independent hotels in Luang Prabang, Laos and Cha-am in Thailand’s province of Phetchaburi.
The group is also an investor in the upcoming The Yamu by Como in Phuket.
It’s understood that Jones Lang LaSalle Hotels acted in the transaction.
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Thailand Property FAQ
Can foreigners buy property in Thailand?
Yes. Foreigners can own condominium units freehold, as long as foreign buyers hold no more than 49% of the building's saleable area. Land cannot be owned directly by foreigners; houses are usually held through a 30-year lease — and since a March 2025 Supreme Court ruling, automatic “30+30+30” renewal structures are not enforceable beyond the first 30 years. Read the full foreign-ownership guide.
What is Thailand's 49% foreign quota?
In any condominium project, no more than 49% of the total saleable floor area can be foreign-owned. The quota applies only to condos — not houses, land or leaseholds — and popular buildings in Bangkok, Phuket and Pattaya can hit the cap. How the quota works in practice.
How much are property transfer fees in 2026?
The transfer registration fee is cut to 0.01% (from the standard 2%) and the mortgage registration fee to 0.01% (from 1%) for purchases where both the price and assessed value are 7 million baht or less — extended by the Cabinet on June 30, 2026. On a 6-million-baht home that saves around 120,000 baht. Who qualifies for the cut · Standard fees & who pays what.
Is it better to rent or buy in Thailand as an expat?
It mostly depends on your time horizon: for stays under roughly five years renting usually wins once transfer costs and resale friction are counted, while longer stays can favour buying — especially with 2026's reduced fees. The rent-vs-buy maths for expats.
How much does property cost in Thailand?
A little over 2 million baht buys a freehold one-bedroom condo in central Chiang Mai — the same budget covers only a studio in Bangkok's CBD. Prices vary sharply by region and city. Average prices by region, and what they buy you.
What taxes do property owners pay in Thailand?
Owners pay the annual land and building tax, and rental income is taxable; buyers and sellers split one-off costs like transfer fees, stamp duty or specific business tax depending on the deal. The go-to guide to Thai property taxes.
