The News Review:

- Thailand Real Estate & Property Guide
- Thailand Real Estate & Property Guide
- Raymond N. Bickson | First mover advantage
- Fairmont to manage Beijing property
- Man with the Midas touch
- Award winning Shangri-la hotels.

Thailand Real Estate & Property Guide
Thailand Real Estate & Property… – Sep 22, 2007
It also started selling membership to its sports club at a massive premium. Four Wings may well prove to be a spectacular success later on after it opens next year. Already its 28-floor hotel and 26-storey condominium at the back of the estate are almost completed. It rises like a pyramid in the desert majestic and commanding certainly a bold piece of architecture that is conceived by unusual minds. A one-bedroom unit covering 65 square metres is going for Bt3 million. Its two-bedroom units cover 89 square metres. The condos come unfurnished but the current promotion will throw in air-conditioners and a kitchen set for buyers… There are show units at the sales office on the ground floor manned by Harrision an organised and professional agency. The developer Construction Sahaphand is the same owner and operator as for the Four Wings Hotel on Sukhumvit. Its Srinakarin property will also aim to be a five-star hotel. The condominium and hotel will have their own sports facilities such as swimming pool and clubhouse but the properties will share much of the overall infrastructure such as roadwork entrances and exits. The hotel will also add value to the apartments offering quality restaurant outlets and other services. Because of its exclusivity buyers will probably be low-profile executives who prize privacy and peace of mind far from the hustle and bustle of a chaotic metropolis with all its squalor overcrowding and noise. It is also a fair distance away from the less desirable stretches of Srinakarin at Pattanakarn nnuj Seascon Square Siri Centre and Udomsuk which are constantly blocked by vehicles even with oil prices at US$81 (Bt2775) a barrel.

Thailand Real Estate & Property Guide
Thailand Real Estate & Property… – Sep 22, 2007
5 million Hua Hin and Cha-am 6 million and Koh Samui more than one million. Plus Property CE Maytha Chanchamcarat said demand for residential properties on Phuket had been strong ever since the tsunami almost three years ago. Home-buyers include foreigners working in Thailand and those living abroad who want a second home in the Kingdom. Research by Plus Property which is the property-brokerage arm of Sansiri shows Phuket had 95 residential development projects with a total of 2917 units and a combined value of Bt40 billion between 2003 and last September. f these 945 were detached houses or villas and the rest were condominiums which included units selling for up to Bt5 million. Half of the 2917 units have already been sold. Ninety per cent of the buyers are foreigners who have signed 30-year renewable leases… The main home-buyers in Phuket are from the United Kingdom Finland Denmark Sweden Norway and Hong Kong. CB Richard Ellis (Thailand) chairman David Simister says the Phuket and Andaman Coast markets continue to attract foreign investors. “CB Richard Ellis introduced Kingdom Hotel Investments and the European Hotel Corp to the 26. 71-hectare site they secured last year in Phang Nga on which they plan to develop the US$115-million [Bt3. 94 billion] Raffles Phang Nga Resort and Residences. Also in the Phuket area Destination Properties concluded its purchase of the 125-room Fenix Resort in Karon last September. In addition CB Richard Ellis is currently dealing with a number of overseas purchasers wishing to buy residences priced in excess of $3 million.

Raymond N. Bickson | First mover advantage
Livemint – Sep 22, 2007
The company just announced a marketing alliance with Japan?s kura Hotels & Resorts and bought 10% in rient-Express Hotels Ltd. Taj?s New York acquisition The Pierre (ironically it was the first Four Seasons hotel outside Canada) will close on 1 January 2008 for an $85 million (Rs343 crore) renovation; and the extravagant $335 million Taj Exotica will soon be up and running at the Palm Jumeirah Crescent Dubai; the building that once housed the Federal Reserve Bank of South Africa will open as a Taj in the first half of 2009; then there?s the company?s first golf resort in Doha with three 18-hole golf courses and one 9-hole night course. Plus there?s Thailand the hunt is on for a UK hotel and. Beijing?Actually Beijing didn?t work out. That big hole in the Taj?s portfolio will take a while to plug… Beijing?Actually Beijing didn?t work out. That big hole in the Taj?s portfolio will take a while to plug. ?The project we were working on just didn?t happen; the developer couldn?t get everything lined up so we?re not going to make it for the lympics? says Bickson. Now the plan is to wait until after the Games. ?ur feeling is that since we missed that window post-lympics we?ll have a better opportunity to find something in Beijing. ?So just for a lark if he could put the Taj name on any goodlooking building which would it be? UK is obviously top of the mind and an international publication recently asked several hotel executives across the world the same question so Bickson has a ready answer.

Fairmont to manage Beijing property
China Daily – Sep 22, 2007
The announcement comes five months after Fairmont started restoring the Peace Hotel in Shanghai. All Fairmont locations are aesthetically designed and reflect local culture and cuisine and guests in Beijing will enjoy the rich culture and history of the capital said Chris Cahill president and C of Fairmont Raffles Hotels International Inc. The property owner Thailand-based Reignwood Group said it has a 20-year management agreement with the hotel operator. The Canadian management team will come to Beijing next month and recruitment will start in November said Yu Bin project pre-opening director of Reignwood. The construction of the building will be completed by the year-end and the pre-opening is scheduled for next May Yu added. It is the first time that Reignwood has made a foray into the luxury hotel sector and had talked with almost all the world’s leading hotel management companies. “Fairmont’s 100-year experience and consistent high-quality service attracted us” Yu said.

Man with the Midas touch
Malaysia Star – Sep 22, 2007
That’s the key to Sheldon G. Adelson’s phenomenal success in the business world. Adelson is the chairman and chief executive officer of Las Vegas Sands Corp the parent company of The Venetian Macao Resort Hotel. “I always do things differently from how other people do things” said Adelson (right) in an interview on the resort’s opening day on Aug 28. “Don’t just do something different but do something different that makes a difference. You must add value. It has to be a good change.

Award winning Shangri-la hotels.
4Hoteliers – Sep 22, 2007
Island Shangri-La Hong Kong and China World Hotel Beijing each won the Best Hotel awards in their cities. Also Shangri-La Hotel Kuala Lumpur; Makati Shangri-La Manila; and Shangri-La’s Far Eastern Plaza Taipei were named Best Business Hotel in their cities.   This is the highest number of awards won by Shangri-La in the history of the Business Traveller Asia-Pacific Readers Poll.    The poll was conducted among the magazine’s readership of frequent travellers based mainly in the Asia-Pacific region…   Results were compiled by Taylor Nelson Sofres Hong Kong and will be published in the ctober 2007 issue of Business Traveller Asia-Pacific. Hong Kong-based Shangri-La Hotels and Resorts Asia Pacific’s leading luxury hotel group currently manages 54 hotels under the five-star Shangri-La and four-star Traders brands with a rooms inventory of over 24000.   The group has over 45 projects under development in Austria Canada mainland China France India Japan Macau Maldives Philippines Qatar Seychelles Thailand United Arab Emirates United Kingdom and the United States.    For more information and reservations please contact a travel professional or access the website at.

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