Thai protesters trap PM at beach hotel
The News Review:
- Thai protesters trap PM at beach hotel
- Thai investors pursing hotel assets overseas
- Nakheel to develop W Koh Samui Retreat & Residences in Thailand
Thai protesters trap PM at beach hotel
AFP
About 400 red-clad supporters of fugitive former prime minister Thaksin Shinawatra surrounded the hotel in the resort town of Pattaya where Abhisit was holding a cabinet meeting amid tight security an AFP reporter said. British-born Abhisit had moved Tuesday’s cabinet meeting to Pattaya because Thaksin loyalists have blockaded the main government offices in Bangkok for nearly two weeks to press for fresh elections. The protesters dispersed and allowed Abhisit to leave after about three hours but the incident further upped the ante in a long-running feud between Thaksin’s loyalists and Abhisit’s nearly four-month-old government. Thai Defence Minister General Prawit Wongsuwon had earlier managed to evade the protesters by escaping from a side entrance used by suppliers to the luxury hotel.
Thai investors pursing hotel assets overseas
Asia Property Report
We see this trend continuing over the next 18 months. “It is currently a buyers market with increased opportunities for well capitalized investors with access to debt. Countries of particular interest to Thai hotel investors include the United Kingdom, Australia, America and parts of Europe. Yields in these markets are softening with positive yield spreads occurring. ” Suphin Mechuchep, Managing Director of Jones Lang LaSalle Thailand, said “There are a number of factors that make the current investment climate very favourable for Thai groups to purchase property overseas. Firstly, more property assets are available for sale at attractive prices. Secondly, several Thai players remain relatively financially strong and are in a better position to compete with regional and international investors who have been hard hit by the global financial crisis.
Related from Investingmonster: An verview of the Public-Private Investment Program Part 2
Nakheel to develop W Koh Samui Retreat & Residences in Thailand
Gowealthy.com
The W Koh Samui Retreat & Residences will be the among the first W-branded residential projects in Asia when the 17 residential villas are completed in 2010 and will boast some of the most prestigious real estate in Thailand right on the shores of the Gulf of Siam. Joe Sita CE Nakheel Hotels said "The W Koh Samui Retreat & Residences will surely be a star property in our global development portfolio. In selecting hotel assets to invest in we look for assets with high real estate value in exceptional locations. "The joint-venture project is positioned on an exclusive 27-acre headland site with 900 m of private beachfront approximately 15-minutes drive from Samui International Airport.
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