The News Review:

- Thailand Real Estate & Property Guide
- Hotel brand that’s syariah-compliant
- Golden Tulip opens regional office in Bangkok for South East Asia
- Thailand Real Estate & Property Guide
- IHG announces Worldwide Holiday Inn brand relaunch
- Thailand Real Estate & Property Guide

Thailand Real Estate & Property Guide
Thailand Real Estate & Property… – Oct 26, 2007
The Hansar Rajdamri meanwhile is a top end luxury development with a connection literally to a five star hotel though limited actual affiliation. The 43-story 196 unit development on Rajdamri Road (Soi Mahatlek Luang 2) is right behind the Four Season hotel with which it is unrelated. However within the development and using 60 of its units will be Alila Hotels and Resorts first project in Thailand the Alila Bangkok. The five star boutique hotel will offer “a whole range of luxury services” to Hansar residents says CBRE’s marketing material. Through Alila the development is also offering a rental investment plan similar to that of the Banyon Tree Residences. The plan must be committed to for at least five years and does not have an option for a set rate of return. Instead revenue is shared with that of rooms of the same standard before being distributed.

Hotel brand that’s syariah-compliant
Malaysia Star – Oct 26, 2007
The hotel group plans to have 30 properties under three core brand names Cliftonwood Adham and Wings by the end of 2008 with Malaysia being one of its targeted destinations. The group’s overall strategy was to reach 150 hotels by 2013 with expected total investment of over US$2bil it said in a statement issued in conjunction with the launch on Wednesday. Almulla Hospitality chairman Abdulla M. Almulla said institutional investors and high net worth individuals would be the backbone for such a growth drive. He said although there were plenty of individual syariah-compliant hotels worldwide their positioning was usually dictated by the owner either as an independent hotel one within a chain or due to the syariah laws of a country where they are situated… Their average spending is 10% to 50% higher than that of the average leisure or business traveller. “The bottomline is that conscious lifestyle tourism is expected to grow at a rate of 20% per annum five times more than the average traditional market segment” the group said. According to the group the specific destinations targeted are Saudi Arabia the United Arab Emirates (UAE) Jordan Egypt Malaysia and Thailand. It is also looking forward to setting up operations in Europe with 15 deluxe hotels to be followed by 25 business hotels in “the second European wave”. The group plans to capture the Gulf Cooperation Council travellers who contribute over US$12bil annually on leisure travel alone. According to the World Tourism rganisation Saudi Arabia is one of the biggest outbound travel markets in terms of average spend with tourists from the kingdom spending US$6. 7bil annually on overseas travel.

Golden Tulip opens regional office in Bangkok for South East Asia
eTravelBlackboard – Asia Edition – Oct 26, 2007
Golden Tulip South East Asia aims to establish Golden Tulip Hotels Inns & Resorts as a leading hotel chain in the region while introducing the four brands of the chain: 5 stars Royal Tulip 4 stars Golden Tulip and Golden Tulip Resort and the economy business 3 stars brand Tulip Inn. The office will furthermore develop the necessary infrastructure to provide maximum support to investors and owners. Golden Tulip South East Asia aims to achieve a portfolio of 40 hotels in a four years period by both converting existing hotels into Royal Tulips Golden Tulips and Tulip Inns as well as developing new hotels. The main focus will be to develop economy business hotels in the main capital cities and the four and five star brands Royal Tulip and Golden Tulip Resorts in the various resorts in S. Golden Tulip South East Asia Ltd.

Thailand Real Estate & Property Guide
Thailand Real Estate & Property… – Oct 26, 2007
”Problems related to Baan Ua-arthorn low-cost housing project remain unsolved. It relates to many parties and may have a greater impact as the value is quite huge” said Mr Kitti. Somchao Tantaterdtham president of the Thai Real Estate Association (TREA) said the real estate sector plays an important role in the country’s economy (GDP). But during the past few years real estate growth has been volatile. ”We want to see more stable growth in the real estate sector and believe the new government’s policy will support it” he said. The Thai Valuers Association criticised the lack of regulation over the appraisal profession and a lack of property management courses at local universities. The eight associations will hold a forum entitled ”The Future Thai Residential and Real Estate Sector and the New Government after the Election” on Nov 8 at the Grand Hyatt Erawan Hotel… ”We want to see more stable growth in the real estate sector and believe the new government’s policy will support it” he said. The Thai Valuers Association criticised the lack of regulation over the appraisal profession and a lack of property management courses at local universities. The eight associations will hold a forum entitled ”The Future Thai Residential and Real Estate Sector and the New Government after the Election” on Nov 8 at the Grand Hyatt Erawan Hotel. The forum would be joined by representatives of major political parties to discuss their vision for the real estate sector. ther groups joining the forum include the Home Builders Association the Real Estate Broker Association the Real Estate Sale and Marketing Association and the Thai Appraisal Foundation.

IHG announces Worldwide Holiday Inn brand relaunch
eTravelBlackboard – Asia Edition – Oct 26, 2007
IHG (InterContinental Hotels Group) today announced a worldwide relaunch of the Holiday Inn brand family which comprises the Holiday Inn® and Holiday Inn Express® brands. All Holiday Inn hotels worldwide will be progressively relaunched to further enhance quality and drive consistency across the brand portfolio. The relaunch will incorporate a new service promise a redesigned welcome experience as well as refreshed guestrooms with signature bedding and bathroom products. The new brand signage will be featured at hotels once they have successfully implemented the relaunch programme resulting in a refreshed and contemporary brand image for Holiday Inn. All Holiday Inn and Holiday Inn Express hotels currently open or under development will target to have the relaunch programme in place by the end of 2010 with the first Asia Pacific newlook hotels expected in China Thailand and Australia by the second quarter of 2008… The relaunch will incorporate a new service promise a redesigned welcome experience as well as refreshed guestrooms with signature bedding and bathroom products. The new brand signage will be featured at hotels once they have successfully implemented the relaunch programme resulting in a refreshed and contemporary brand image for Holiday Inn. All Holiday Inn and Holiday Inn Express hotels currently open or under development will target to have the relaunch programme in place by the end of 2010 with the first Asia Pacific newlook hotels expected in China Thailand and Australia by the second quarter of 2008. Established in 1952 in the US Holiday Inn is one of the world’s most recognised hotel brands with over 400000 rooms (3125 hotels) open globally and a development pipeline of more than 110000 rooms (942 hotels) around the world. The development pipeline continues to grow rapidly with over 16000 rooms signed in the third quarter of 2007 a 6% increase over the same period in 2006. In Asia Pacific IHG has an operating portfolio of 100 Holiday Inn and Holiday Inn Express hotels (26900 rooms) and nearly 60 hotels (17500 rooms) in the development pipeline. Holiday Inn is the leading mid-scale hotel brand in People’s Republic of China (PRC) and Asia Pacific and has been consistently named best mid-market hotel brand in Asia Pacific and the world by readers of Business Traveller Asia Pacific magazine for seven years running (2001-2007).

Thailand Real Estate & Property Guide
Thailand Real Estate & Property… – Oct 26, 2007
The Chava has it a great pool a nice beach and good food right on your doorstep. Another luxury condminium concept that’s already generating plenty of interest is Andara located on a hillside overlooking Kamala Beach. This development was originally designed as a villa and hotel complex and therefore already boasts a full range of facilities on site. The 37 luxury condo units will cost fom 700 000 to 2 million USD and with renowned Hong Kong property mogul Alan Zeaman behind the project its not suprising that much of the interest is coming from investors based in the Chinese Metropolis. “The Adara name is already synonymous with quality” said Thanita Arman from Paradise Phuket. “It doesn’t make a difference whether its condos or villas the key factors that distinguish a high-end development are build quality specifications and in-house services. At Andara the latter includes three restaurants a spa tennis courts and a gym.

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