The Buritara Group plans to spend more than 1 billion baht on three new developments in Chonburi.
Managing Director Titi Chinsomboon outlined the expansion into resort and condominium development July 19. The projects follow on the Buritara Resort Condo in Jomtien Beach, whose 514 rooms are currently 30 percent sold.
Next on the drawing board are the Buritara Town Resort Jomtien hotel project, Buritara Royal Grand Hill Villas housing development in Jomtien Beach and the Buritara Chateau Resort Condo in Bangsaen.
Titi Chinsomboon, Managing Director of the Buritara Group.
Titi said the company is betting big on the coming ASEAN Economic Community and hoped-for increases in tourists and expatriate residents.
Whereas the Buritara Resort Condo was aimed primarily at investors – with its management service that finds renters for condo owners and guarantees a 5 percent annual return – the Town Resort is a retro-style modern hotel offering 24-hour service to guests. The project is estimated to cost 300 million baht and construction scheduled to begin at the end of this year.
The Royal Grand Hill Villas, meanwhile, are a group of nine homes starting at 40 million baht each. The 300 million baht project on Sukhumvit Road is still in the design phase and likely will break ground in the middle of next year, company officials said.
In Bangsean, the Chateau Resort Condo is a 400 million baht project located in Muang Saensukh, next to Burapha University and 200 meters from Bangsaen beach. Prices start at 2.9 million baht and executives said 40 percent of the units have been booked.
Buritara Chateau Resort Condo will be located just 200 meters from the beach in Bangsaen.