Featured in this Asia Pacific Hospitality Newsletter - Week Ending 21 May 2004
Amarin Plaza Group to renovate Bangkok properties
Accor to manage two resorts in Australia
Le Meridien Khao Lak sets to open next month
The Sands Opens in Macau
Thai Royal Garden to invest in three new hotels
InterContinental Hotels Group signs hotel in Phuket

Amarin Plaza Group to renovate Bangkok properties Return to Headlines
According to Bangkok Post, Amarin Plaza Group plans to spend approximately THB580 million to renovate the JW Marriott Bangkok and the Erawan Bangkok boutique mall. The company plans to renovate the 440 rooms at JW Marriott Bangkok Hotel and add two new Japanese restaurants at the basement level. The work is expected to cost approximately THB300 million. At the Erawan Bangkok boutique mall, Amarin will add ‘The Resident’, a third floor meeting room to cost THB96 million and a new spa on the fourth floor, costing approximately THB172 million. Amarin Plaza reported a first-quarter net profit of THB120.6 million, a 48.6% increase year-on-year.

Accor to manage two resorts in Australia Return to Headlines
Accor will manage two new resorts under the Mercure and Sofitel brands in the Hunter Valley, New South Wales. The hotels are part of The Vintage, an integrated development including residential, golf as well as leisure and conference facilities. The Vintage is a joint venture partnership between the Stevens Group and Medallist Developments. The Mercure Grand Apartments will comprise 16 one-bedroom apartments and 28 two-bedroom apartments, and is due to be completed in March 2005. The Mercure Grand Apartments project will be followed by the construction of the Sofitel at the Vintage. The 100-suite hotel will be built early next year and is due for completion in 2006. Sofitel at The Vintage will comprise conference and business facilities, restaurant, health and fitness centre.

Le Meridien Khao Lak sets to open next month Return to Headlines
Le Meridien Khao Lak Beach and Spa Resort in Phang Nga province, Thailand is set to open in June. The resort will comprise 243 guestrooms and 27 spa villas, as well as conference facilities. The property, built on 51 rai of land at a cost of THB1.4 billion, is owned by Thai firm Vitya Holding Co. Ltd. Le Meridien has signed a performance-based contract that will see it manage the property for 10 to 20 years.

The Sands Opens in Macau Return to Headlines
The Sands Macau, a one million-square-foot casino and entertainment complex, has opened in Macau. Owned by Las Vegas Sands Inc., the property comprises 277 tables and 405 slot machines. Another 114 slot machines will be gradually added. The complex also includes a range of food outlets, including three Chinese restaurants and a "Las Vegas-style" steakhouse. Furthermore, by mid 2004, the Sands will open 51 luxury suites, a full service spa, additional restaurants, bars and entertainment areas.

Thai Royal Garden to invest in three new hotels Return to Headlines
Royal Garden Resort PCL plans to invest THB3.42 billion over the period 2004 to 2007 to build new hotels and expand its food outlets in Thailand. The company has earmarked an investment of THB1.41 billion for 2004 and another THB1.06 billion for 2005. In 2004, Royal Graden will open the 108-room Anantara Resort & Spa in Samui and a 10-room Tent Camp in Chiang Rai. In 2005, it plans to open a 60-room luxury hotel in Samui.

InterContinental Hotels Group signs hotel in Phuket Return to Headlines
InterContinental Hotels Group (IHG) has signed an agreement with LaSalle Investment Management to manage the former Karon Villa & Royal Wing in Phuket. The resort, to be renamed Crowne Plaza Karon Beach Phuket, is set to open in December 2004 after completion of a US$20 million refurbishment. Crown Plaza Karon Beach will comprise 150 villas and 210 rooms, 3 restaurants, a spa comprising 12 treatment rooms and meeting rooms.

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