“Radisson Phuket Mai Khao Beach” Opens Its Sales Gallery, Aiming to Agressively Target Thai-Asian Markets as Hotel Managed Residences Boom as Up-and-Coming Trend for Investment in 2020
Phuket, Thailand (13 December 2019) – “Radisson Phuket Mai Khao Beach” opens its doors of the sales gallery to welcome investors, aiming to aggressively target markets in Thailand and Asia through a series of hot promotions after positive turnout. It also provides advice on “Hotel Managed Residence”, marking it as an investment trend for year 2020.
Marciano Birjmohun, Managing Director of DMRD Asia, reveals the value of this premium hotel and residence at over THB 1,600 million. This 4-rai (8,000 square meters) property after EIA’s approval, “Radisson Phuket Mai Khao Beach” has been well received by investors, resulting in an increased site visit booking. Both Thai and foreigners, continue to show their interests in the project. Now that the sales gallery is launched, end of the year sales transactions is expected to rise.
“We are delighted to open our Sales Gallery today. The construction will now be driven on full power, which will be a great amount of work for groups of contractors, architects, and interior designers, as we aim to develop high standard property and create the best returns of investments for investors,” said Marciano.
“We are greatly convinced that Phuket remains an island of high potential and growth development as it is enhanced by stunning natural scenes, tourist attractions, arts and culture, as well as, local charm. Radisson Phuket Mai Khao Beach is a project that we are extremely proud of, which will certainly draw attention from both investors and tourists, thanks to its innovative designs and fully-equipped facilities. Our collaboration with the Radisson Hotel Group as the operator will enable us in elevating the level of upscale hospitality in Phuket, while also providing a phenomenal travel experience to international visitors,” Marciano added.
‘Condotel’ is another form of development that gains more popularity in tourist destinations such as Phuket, Pattaya, including Bangkok. It responds to the demand of investors who would like to lease out condominium either for a long or short term.
“Condotel is not a new scheme of property development in Thailand. However, the amount of Condotel existed in Thailand is still limited compared to other types of property. According to DMRD, Condotel is becoming more popular and is expected to expand in the next few years, whereas it signals a significant growth in Phuket. By the end of 2021, a total of more than 3,000 units of Condotel will be visible,” Marciano added.
Radisson Phuket Mai Khao Beach development is a collaboration between Thai-Chinese Property Holdings and Aplan Properties with an investment of over THB1,600 million. It is located on the northwest shore of Phuket island, Mai Khao Beach, on a 4.3-rai land (7,000 square meters), which is one of the most private and secluded beaches with pure nature and serenity. Its location is highly accessible with only a 10-minute drive from Phuket International Airport. The property consists of 8 low-rise buildings, featuring 222 contemporary rooms and suites (110 units for ownership) and offering freehold ownership to foreigners. It is licensed as a Commercial Condominium.
Its contemporary design and functionality are tastefully mixed with Scandinavian decoration. Every unit is overlooking the stunning Andaman Sea, offering various functional guest rooms, ranging from Deluxe Sea View Studio (41 square meters), Premiere Pool Access Suite with direct access to the pool (47 meters), to Grand Sea View Suite with private pool, which is as large as 132 square meters.
Operated on an upscale positioning, the project is fully equipped with facilities, activities, and services. It offers 24/7 dining options, restaurants and bars, fitness, spa, traditional sauna and steam room, rooftop swimming pool and lounge, and state of the art meeting rooms for small and big gatherings. Modern technology and innovation are applied to create memorable experiences for both investors and travellers. This includes passkey compatability, and high-security building system.
The hotel residence is operated by Radisson Hotel Group under “Radisson” brand with its guaranteed superb standard, while sales and marketing will be managed by DMRD Asia to cater to upscale market segment. Through mandatory rental program, it ensures a worthwhile return of investment for prospective investors, while also being a perfect vacation spot for travellers.
Starting price is estimated at THB 7.2 million with freehold ownership and upscale operations. Investors are guaranteed a 6% yield in the first three years and the 4th year onwards is projected start at a healthy 6% based on occupation rates, with additional inflation and capital gains to be made. The project is expected to complete within year 2022.
For pre-sales hot deals, full furniture set worth THB 700,000 is offered to potential buyers along with a two-night stay and a round-trip flight to Phuket. Buyers will also receive Platinum Reward Membership, privilege for Radisson customers worldwide.
For more information, please email [email protected] or call +66(0)63 680 8090.