PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Ocean Villas Group Pte Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Laguna Beach Resort Phuket Sold to Singapore Equity Fund Reports Ocean Villas Group Pte Ltd - Laguna Hotels & Resorts have announced the sale of Laguna Beach Resort in Phuket to Real Estate Capital Asia Partners. Currently the resort is jointly owned by RHI Group and Laguna Hotels & Resorts
Laguna Beach Resort Phuket Sold to Singapore Equity Fund Reports Ocean Villas Group Pte Ltd

 

NewswireToday - /newswire/ - Phuket, Thailand, Thailand, 2011/02/24 - Laguna Hotels & Resorts have announced the sale of Laguna Beach Resort in Phuket to Real Estate Capital Asia Partners. Currently the resort is jointly owned by RHI Group and Laguna Hotels & Resorts.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Phuket, Thailand: Singapore based Laguna Hotels & Resorts PLC (LHR) has announced the sale of its Laguna Beach Resort in Phuket, to Real Estate Capital Asia Partners (RECAP).

The resort is currently jointly owned by Laguna Hotels & Resorts and RHI Group; both have agreed to sell their stakes in the luxury complex.

Located in LHR’s flagship Laguna Phuket complex in Thailand, Laguna Beach Resort is situated between a tropical lagoon and the Andaman Sea.

The family resort includes; Angsana Spa, meeting and conference rooms, a wedding chapel, tennis courts, a fitness centre and a water park.

The two hundred and fifty two room luxury beach resort, which opened in 1992, was the second hotel to be opened at Laguna Phuket. Since then, a further seven hotels and villa complexes have been built at Laguna Phuket.

LHR’s board of directors agreed to sell their sixty percent share in the resort for a reported 723,565, 000 Baht (US$ 23.6 million). Completion of the deal is expected in May this year.

The sale of Laguna Beach Resort comes only six months after LHR sold anther of their hotels, the Dusit Thani Laguna, Phuket, to Dusit Thani PLC for a reported 2.62 billion Baht (US$ 85.5 million).

This latest transaction underlines LHR’s strategy of reducing its interests in Thailand to focus on new opportunities throughout Asia. These opportunities include the ambitious Laguna Hue Resort in Vietnam; a two hundred and eighty hectare beachfront site which will offer over two thousand rooms spread across seven internationally branded hotels and resorts.

''These recent developments all reflect our commitment to developing our business in Phuket [Thailand] and elsewhere in the [South East Asia] region, without compromising our renowned levels of customer service, '' commented Michael Ayling, managing director of Laguna Resorts & Hotels PLC.

The new owners, RECAP, are a privately owned Singapore equity fund headed by chairman Suchad Chiaranussati. RECAP already have a strong presence in the Thailand real estate market and purchased the Jungceylon shopping, retail and hotel complex in Patong, Phuket in 2006. They also own the luxury, four-tower Millennium Residence project in Bangkok and have investments in China, Japan, Korea, Singapore and Hong Kong.

Laguna Hotels and Resorts will continue to own and operate the Banyan Tree Phuket, Sheraton Grande Laguna, Phuket and the Laguna Holiday Club.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Ocean Villas Group Pte Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


Laguna Beach Resort Phuket Sold to Singapore Equity Fund Reports Ocean Villas Group Pte Ltd

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Rebecca Smith - PhuketOceanVillas.com 
+66 76 527 565 info[.]phuketoceanvillas.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ocean Villas Group Pte Ltd securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Ocean Villas Group Pte Ltd / Company Profile


Read Real Estate/Property Management Most Recent Related Newswires:

Ede Costa Team Joins Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties Opens New Office in Brea
Berkshire Hathaway HomeServices Nevada Properties Opens New Southwest Las Vegas Office
Berkshire Hathaway HomeServices Nevada Properties Appoints New Las Vegas Branch Manager
Homenova, Inc. Launches A Website for Private Home Sales
Real Estate Executives Appointed to GLVAR Board in Nevada
Westcorp CFO Named Top Tech Exec in Nevada
Berkshire Hathaway HomeServices Arizona Names New Manager
Berkshire Hathaway HomeServices California Properties Names Larry Tait Yorba Linda Branch Manager
Progressive Realtors Launches New Website to Connect Home Buyers & Sellers
Americana Holdings Forms Alliance with ListHub Global in Three States
Manhattan Boutique Real Estate Joins South China’s Leading Luxury Property Show
17th Annual Kansas City Pagan Pride Day - Harvest Festival and Craft Faire on September 13th
Celebrity Staging Expert Announces Ask The Stagers Platform
Berkshire Hathaway HomeServices Arizona Properties Welcomes Hamlet Terry Team

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)