THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
Login | Create Account Poll Currency Weather Facebook Youtube Search

Club Med inks B2.8bn partner deal to open new resort in Krabi

PHUKET: Thailand’s Apex Development PCL this week signed an agreement with Club Med to launch an all-inclusive resort in Krabi with an investment of US$90 million (B2.86 billion).

tourismconstructioneconomics
By The Phuket News

Saturday 20 January 2018, 04:31PM


The view from the Club Med at Kata Beach, Phuket. Photo: Club Med / Facebook

The view from the Club Med at Kata Beach, Phuket. Photo: Club Med / Facebook

The resort, to be located on Haad Yao (“Long Beach”) some 30 kilometres south of Krabi International Airport, is scheduled to open in 2021.

The deal was announced at a signing ceremony hosted by Xavier Desaulles, Club Med CEO for East and South Asia Pacific (ESAP), at Club Med Tomamu Hokkaido in Japan on Thursday (Jan 18).

At the event, Apex Chairman Pongphan Sampawakoop announced the details of his latest development to assembled media, reports Wimintra Jangni of HotelIntel.co. (See story here)

http://hotelintel.co/2018/01/18/club-med-partner-apex-development-new-krabi-project/

The property will offer 300 rooms in a range of categories along with a further 50 suites for the Exclusive Collection.

“The resort will offer direct beachfront access to guests while providing the exciting variety of sporting activities which have proved so successful in upholding the Club Med concept down the years,” said the report.

Club Med Krabi will become the second Club Med in Thailand, following in the footsteps of the first, located on 39 rai at Kata Beach in Phuket.

While Krabi is anticipated to play an increasingly significant role in Thailand’s tourism sector in the coming years, it is also expected that the collaboration between Apex Development and Club Med will lead to a mutually rewarding partnership combining the reputation of Club Med as a global leader in all-inclusive resorts with the long experience of Apex in developing resorts and residences, reported HotelIntel.co

Since its founding in 1950, Club Med has maintained its impressive performance in international holiday market.

The resort giant is present in 30 countries has tallied some 1,245 million (and counting ) stays at its venues. In 2016 alone, the company garnered 40 million visits to its digital platforms and social networks, including 33 websites in 14 languages.

Club Med reported its business volume for the Winter 2017 season – from November 2016 to April 2017 – at €875 million (B34.05billion), up 6.5% year-on-year.

Thai property developer Apex Development, listed in the Stock Exchange of Thailand (SET) with a registered capital of B1.49bn, has also become a key player in the Thai ​commercial property development market, including playing key roles in the development of the Mövenpick Resort & Residences in Jomtien, Pattaya, and the Sheraton Phuket Grand Bay Resort and Grand Bay Residences at Ao Po, on Phuket’s east coast.

The Sheraton Grand Bay Resort and Grand Bay Residences project area is to encompass some 66 rai comprising the Sheraton Phuket Hotel of 183 keys with an estimated value at B2.19bn, and the Grand Bay Residences consisting of 80 Pool Villas totalling 150 units with an estimated value at B2bn.

“Construction and decoration schedule for the residences component to be completed and ownership transferred to recognized revenue in year 2019, and the Sheraton Phuket Hotel scheduled construction and decoration completion, and opening is in the middle of year 2020,” Apex notes on its website.

 

 

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

Comments Here:
Comments Left:
# Characters
Username:
Password:
E-mail:
Security:

Be the first to comment.

Have a news tip-off? Click here

 

Phuket community
Phoenix ‘off limits to outsiders’ while police inspect wreck

In the aftermath of the sinking disaster, it seems that Thailand's now desperate to do anything ...(Read More)


Ban on Loy Kratong lanterns near Phuket International Airport

Actually, about floating kratongs, in de past there were just a few in villages, But now look the ne...(Read More)


Ban on Loy Kratong lanterns near Phuket International Airport

Timi,if you would be a little bit more attentive,you would have seen that my response wasn't reg...(Read More)


Suspect locks up duty warden, escapes police cell

Hahaha, This was not fair! More than 200 people looking after him. Guess that Senior Sgt Maj gets de...(Read More)


Phuket Airport toilets dubbed ’Best in Thailand’

Fantastic to pat yourself on your Phuket toilet business shoulder, true or not. Have no words for it...(Read More)


Suspect locks up duty warden, escapes police cell

You couldn’t make this stuff up could you !! ...(Read More)


Ban on Loy Kratong lanterns near Phuket International Airport

Dek, my comment was in regards to the article about the flying lanterns not the floating Kratongs, w...(Read More)


Disaster officials warn of heavy rain in Phuket

Again a weather warning? That can't be. The guy from the Phuket Water Authority said that due to...(Read More)


Low water levels at Phuket reservoir spur concerns for drastic water-saving measures

I'm fascinated that "Fascinated" cannot see the relevance between increased tourism an...(Read More)


Ban on Loy Kratong lanterns near Phuket International Airport

Thailand needs to wake up and realize its part of the world and international community, most count...(Read More)