Central Hotels & Resorts invests in Karon Beach, Phuket Property
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Central Hotels & Resorts invests in Karon Beach, Phuket Property
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Category: Asia Pacific
This is a press release selected by our editorial committee and published online for free on 2006-04-04
Central Hotels & Resorts, together with an investor, has taken over Phuket Islandia Hotel on Karon Beach in Phuket, Thailand. Central paid THB1.05 billion (US$27 million) to purchase the hotel and will invest another THB150 million (US$3.9 million) to renovate it.
The property will be renamed Central Karon Beach Resort, Phuket. A four-star mid-rise resort with views of Karon Beach, the property is a step towards Central Hotels & Resorts' goal of having 22 hotels & resorts by the year 2010.
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