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Phuket Property: Mövenpick celebrates; Budget brand takes on Asia

Legacy Phuket Gazette

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Phuket Property: Mövenpick celebrates; Budget brand takes on Asia | The Thaiger

PHUKET: It was recently announced that Mövenpick Hotels & Resorts plan 11 new hotel projects across nine countries bringing the company’s total number of operating and planned hotels worldwide to 100.

The new hotels are in France, Egypt, Tunisia, Morocco, China, Indonesia, Malaysia, Bangladesh and Thailand.

The upscale company of Swiss heritage now has 69 hotels in operation and 31 in development of which nine will open this year.

“We have always believed in growth, but at a sustainable pace. In every region from Europe and Africa to the Middle East and Asia we have carefully consolidated our developments to maintain a balanced portfolio distribution that ensures decision-making is effective, resources are efficiently utilized and development is sustainable,” said Jean Gabriel Pérès, president and chief operating officer of Mövenpick Hotels & Resorts.

“A hundred hotels worldwide is a major achievement for our company, and I am delighted. Such a landmark is a credit to the hard work of everyone at Mövenpick Hotels & Resorts,” he said.

“In a challenging economic environment it is vital to have a reliable business model that is stress resistant to constant change,” said Pérès.

“This has been the foundation of our success in recent years and the philosophy that has helped us achieve the milestone of 100 hotel projects in a sustainable way,” he added.

“In a challenging economic environment it is vital to have a reliable business model that is stress resistant to constant change. This has been the foundation of our success in recent years and the philosophy that has helped us achieve the milestone of 100 hotel projects in a sustainable way,” Peres said.

The new hotels in the region are:

A new 350-room hotel in Chifeng, Inner Mongolia, China, designed by Hirsch/Bedner & Associates will be opened by the upscale Swiss hospitality company in 2015.

On Hainan Island, South China, the 380-room Mövenpick Resort & Spa, Phoenix Island, Sanya, will be launched in 2013.

The 270-room Mövenpick Resort & Spa, Jimbaran, 200 metres from one of Bali’s most popular beaches will be the Swiss company’s first hotel in Indonesia when it opens in 2014.

In Malaysia, the company’s new 250-room resort will be based on Pantai Pandak Beach on the South China Sea coast and will be launched in 2015.

The company’s entry into Bangladesh will be heralded by the opening of a 280-room resort on the sandy sea front of Cox’s Bazar, the longest beach in the world at 124 km.

Towards the end of this year, the company will open a 26-villa boutique-style resort, surrounded by lush tropical gardens, in Samoeng, Chiang Mai, Thailand.

Meanwhile, here in Phuket, Jones Lang LaSalle Hotels are brokering the sale of the 362 key Mövenpick Resort and Spa on Karon Beach according to Thephuketinsider.com.

Tune Hotels

THE192-room Tune Hotel Pattaya starts receiving its firsts guests on February 17.

Group Chief Executive officer of Tune Hotels, Mark Lankester said: “The opening of Tune Hotel Pattaya marks a crucial point of Tune Hotels’ expansion in Thailand. It verifies our strong commitment towards Thailand and its tourism industry. This follows the successful opening of Tune Hotel Hat Yai, and with more Tune Hotels coming up in Thailand we are proud to be playing an even bigger role.”

The Tune Hotel Pattaya is owned and developed by the visionary Bangkok-based investment company Red Planet Hotels and Chief Executive Officer, Tim Hansing, said the great rate on offer for the opening won’t last long as they will be snapped up by keen travelers.

“Pattaya will be one of the busiest hotels in the network, so we don’t expect these great rates to be available for long but there will be more chances for travelers who love the brand to take advantage more great value rates across the network as the year goes on,” Mr Hansing said.

“Red Planet is opening Tune Hotels in Angeles, Cebu and Makati in the Philippines in the coming weeks before we open more hotels in Indonesia and Thailand (including Phuket) later in the year. The Tune brand is spreading in key cities across these countries where we will be presenting more rates offering superb value to out loyal customers.”



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Phang Nga

Hong Kong property tzars team up for new Phang Nga development “Aquella”

Bill Barnett

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Hong Kong property tzars team up for new Phang Nga development “Aquella” | The Thaiger

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Two of Hong Kong’s leading entrepreneurs Allan Zeman and Richard Li are developing a mixed-use project in Thai Muang, Phang Nga named Aquella.

The initial phase of the development includes a par 72, 18 hole golf course, resort pool villa residences with two to four bedroom unit configurations back of a massive land site that offers over 2.5 kilometres of white sand beach.

Previously, the approximate 1,000 rai site was the home of the Thai Muang golf course. After acquisition the course was closed, and the master planned Pinetree project that was to contain a marina and luxury Park Hyatt hotel stopped when land zoning issues changed in Southern Phang Nga.

Today, the new golf course has been reconfigured and Zeman’s Paradise Group who developed Kamala’s posh Andara ultra villa resort in Phuket are collaborating with Li’s Pacific Century Premium Developments (PCPD) group.

South West Phang Nga hosted some of Asia’s most significant luxury villa sales in the mid 2000’s given it’s close access to Phuket International Airport, over the Sarasin Bridge.

Changes in the zoning regime stunted the area’s growth over the past decade but a new wave of interest has been born in projects such as Charn Issara’s Baba Beach Club.

Land prices in Koh Pilai and Koh Kloy have sharply escalated in recent months on the announcement of a second Greater Phuket airport by Thai aviation authority AoT.

That said, the area has a rich history in demonstrated luxury residential sales in projects such as Aleenta and Sava.

With Phuket bursting as the seams, and prime oceanfront plots limited, the recent transaction of the former greenfield site of the Ritz-Carlton Reserve has indicated positive sentiment.

Hong Kong property tzars team up for new Phang Nga development

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Property

Car and house loans surged in 2018

The Thaiger

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Car and house loans surged in 2018 | The Thaiger

The Bank of Thailand says they’re concerned about the double-digit growth in loans for cars last year. The central bank is now monitoring the trend and will keep track of statistics for the rest of 2019. Their concerns about the Thai mortgage market the year before resulted in new regulations coming into effect this April.

Loans for cars were up nearly 13% in 2019, up from 8% growth in 2017 and much smaller growths in the years before.

They reported that commercial bank auto loans rose to 1.07 trillion baht last year, a rise of 12.6% from the previous 12 months. Defaults on loans has also risen during 2018 but the BoT says the rate is still “manageable” at 1.66%.

The BoT says they will need to continually monitor the business of loans for cars for at least the rest of 2019.

Last year they put the spotlight on property mortgages. The study resulted in more stringent conditions for the loan-to-value ratio, especially for second or subsequent housing loans.

Mortgage lending expanded nearly 8% in 2018, compared to 5.5% in 2017. The more stringent requirements for housing mortgages comes into force on April 1 this year.

Generally, the loan sector for commercial banks rose by 6% last year, again a rise from the previous year where the rise was 4.4%.

But the BoT reports that the profitability of the banking sector remains in positive territory. Interest income is now the main source after the fee-based income of some banks, particularly fund transfer fees, declined.

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Phuket

Kamala’s Twinpalms Montazure poised to welcome guests in July

The Thaiger

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Kamala’s Twinpalms Montazure poised to welcome guests in July | The Thaiger

Set on the golden sands of Kamala Beach, Twinpalms MontAzure will welcome its first guests in July this year.

Already a member of Small Luxury Hotels of the World, the boutique beach hotel offers beautifully appointed Suites, Penthouses and Private Pool Suites.

Suites range in size from 70m2 to Penthouses with private pools and sea views boasting large living spaces of up to 300m2. Guests will also enjoy using a lap pool or an infinity pool offering views of the Andaman sea.

Twinpalms MontAzure will also launch its beachside restaurant and lounge, ‘Shimmer’, with uninterrupted sea views. Shimmer restaurant will serve vibrant and tasty food with an Asian focus, delicious and creative cocktails, and a great wine list, all served with the customary gusto and flair expected from the Twinpalms brand.

Olivier Gibaud, General Manager of Twinpalms Hotels & Resorts says, “With 15 years’ experience refining Twinpalms excellent service standard complemented by a luxurious dining and entertainment quality that sets itself apart from other destinations on the island, we are very excited to bring this knowledge to a new hotel”.

Designed by Martin Palleros, following the original Twinpalms concept and style, of utilising Phuket’s beautiful landscape, Martin has allowed the design to maximize the sea views from most of the Suites and areas within the buildings, whilst also ensuring the preservation of the views of the mountainside from other perspectives.

Resident Manager, Thipwimon Chatchavansilachai says, “For respect for our island location, we will launch with a ‘no single-use plastic’ policy, meaning alternatives to common plastic items such as straws, packages for bathroom amenities and water bottles will be replaced with materials such as bamboo, ceramic and recycled paper.”

“We will continuously find better alternatives in our hotel operations for the preservation of the environment”.

Naturally, guests of Twinpalms MontAzure also have access to the brand’s other dining destinations, taking full advantage of the three beaches Twinpalms has a presence: HQ Beach Lounge – a few steps away on Kamala Beach, Catch Beach Club, Catch Junior and Palm Seaside, located on Bang Tao Beach and the flagship resort, Twinpalms Phuket, is just a few steps from Surin Beach.

Kamala's Twinpalms Montazure poised to welcome guests in July | News by The Thaiger

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