Luxury property developers the Tulip Group have confirmed that construction of their newest Centara Hotel will begin this month.
The hotel is part of a mixed use development of both condominium and hotel named Centara Avenue Residence & Suites. Construction of the condominium is already underway, and now that all permits are in place Tulip will start preparations for the piling works for the hotel part of the project.
In addition to this hotel Tulip Group are also developing Centara Grand Resort & Spa Pattaya, which is in its final stages and will open in the last quarter of this year, and Centara Grand Resort & Spa Jomtien, which is due to open late 2015 early 2016.
Centara Avenue Residence & Suites will feature 380 condominium units and a 100-key hotel, the condominium was launched 18 months ago and is now 95% sold out.
Tulip Group’s Centara Avenue Residence & Suites.
“I think the sales figures for the condominium has shown the power of the name Centara – our clients are extremely excited about Centara managing both the hotel and the condominium,” said Jason Payne Tulip Group Vice President. “As a company we are very excited to start the construction of the onsite hotel – Tulip Group and Centara have a strong working relationship, and I am confident that this property will play an important role in their property portfolio in Pattaya,” he added.
Three new projects announced
At the end of February, Tulip Group also announced they had purchased three new land plots in Pattaya with plans to build three new hotels and one condominium.
“We are delighted to have found these plots of land, we are especially happy with being able to secure the land on Pratamnak Hill, it will offer stunning views of the ocean, and has great beach access, it is a great area and we have plans for something very special on this land,” commented Jason Payne
The other plots are further north in Naklua area, in Soi 12 and Soi 16. Tulip Group has confirmed that they are in talks with three high profile hotel operators, and hope to secure agreements for hotel management in the near future.
“Negotiations are progressing very well, our design teams are already in place and working on concepts for the properties that we have planned, we will continue our business model of only offering branded residences, as we believe the condominium hotel mix offers clients many more benefits, than just a standalone condominium “ added Payne.