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CBRE selects operator for new hotel in Phuket
Suthikiati Chirathivat (3rd from right), Chairman of the Executive Board of
Centara Hotels & Resorts, exchanges the management contract for the Centra
Ashlee Hotel Patong with Withaya Taweewongsap (3rd from left), Managing
Director of Ashlee Co. Ltd., witnessed by Gerd Steeb (2nd from right),
President of Centara Hotels & Resorts, Khanitha Jarukirati (left), Associate
Director of CB Richard Ellis, and other executives.
International property consultant firm CB Richard Ellis
(Thailand) has successfully selected a hotel operator for Ashlee Company
Limited, the owner of a new hotel in Phuket. This 108-room hotel will be
managed by Centra, the latest hotel brand by Centara Hotels & Resorts, from
December 2010 onwards and will be named the “Centra Ashlee Hotel Patong.”
CB Richard Ellis provided strategic advice on the
selection of the hotel operator and was closely involved in the hotel
management contract negotiations, providing its in-depth understanding of
the hotel industry for the hotel owner to select the most effective brand to
operate their hotel.
“We are excited at the prospect of bringing this new
hotel brand to Phuket for the first time. With Centra managing the hotel and
the improved numbers of tourist arrivals in Phuket, we are confident that
this hotel will have a bright future,” said Khanitha Jarukirati, Associate
Director of Investment and Resort Land at CB Richard Ellis.
Located at the heart of Patong, on the city’s second road
and within walking distance of the renowned Patong beach, the Centra Ashlee
Hotel Patong is a modern-contemporary-design hotel with a pool bar offering
views of the Andaman Sea.
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Real Estate: Is it better to buy or rent?
 (New
York) - The current economic crisis and housing crush have resurrected a
long-simmering debate among financial and real estate experts: whether
people should rent or buy their homes.
As it turns out, a majority of Americans believe that
it’s almost always better to own your home rather than to rent, according to
Reuters. And some industry experts concur.
“I believe that there are many reasons to buy today,”
says Steve Dexter, co-author of the new book “Buy & Hold Forever: How to
Build Wealth for the 21st Century.” “The historically low property prices,
record low mortgage rates and tons of unique real estate bargains are the
main reasons to become a property owner now instead of a renter.”
In the book, Dexter and David Schumacher reveal
investment techniques that can work in the midst of a slow real estate
market or a booming one, for first-time buyers or seasoned investors, and
for buyers of single-family residences, apartment buildings or shopping
malls.
“For many people, home ownership provides security and
investment opportunity,” says Dexter. “However, people should know that
buying a property is not a quick way to make money. It won’t give them a
good return unless they hold it for at least eight years. The rule is to buy
and hold.”
Some experts believe that homeowners can make more money
if they buy a house, live in it and sell it than they can on the stock
market.
The best time to become a property owner is when:
• Property prices are low
• Mortgage rates are low
• Your move is long-term
• Property values not deteriorating
“Real estate is generally one of the best investments,” says Dexter. “The
challenge is to identify when to buy and when to sell to maximize returns on
property investing.” (Source Webwire)
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Thailand Property
Awards next month
The Thailand Property Awards will be presented at a
lavish Gala Dinner on Saturday 6th November at the Grand Hyatt Erawan
Bangkok Hotel.
The Gala Dinner will be held in the Grand Ballroom on the
ground floor of the hotel, and the wine reception in front of the Grand
Ballroom.
The Thailand Property Awards celebrate the best of the
best and showcase Thailand’s residential real estate industry.
Now in their fifth year, the awards assist in promoting
the high level of quality of Thailand’s real estate, construction,
architectural and interior design as well as industry professional services,
and through a professionally run awards system helps put Thailand real
estate on the world stage.
Starting with nominations by the public and the industry,
followed by entry submissions and judging by a panel of professionals,
including site visits for the top short-listed developments in each
category, makes the Thailand Property Awards a tough and grueling process
with only the winner in each category being awarded.
The awards are highly coveted by real estate agents,
property developers, interior designers and architects in Thailand’s
residential real estate industry.
Tickets for the Gala Dinner are available on a first come
first served basis. A table for 10 is 40,000THB or individual tickets on a
join-in basis are 4,000THB/person. Prices are exclusive of VAT.
To book, email [email protected] with the
number of tables/seats you would like, or contact Khun Chanida (Oil) on +66
(0) 2260 7643. The Gala Dinner is usually a sell out, so book early to avoid
disappointment.
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