Radisson Phuket Mai Khao Beach opens its doors of the sales gallery to welcome investors, aiming to aggressively target markets in Thailand and Asia through a series of hot promotions after positive turnout. It also provides advice on “Hotel Managed Residence”, marking it as an investment trend for year 2020.
Marciano Birjmohun, Managing Director of DMRD Asia, reveals the value of this premium hotel and residence at over THB 1,600 million. This 4-rai (8,000 square meters) property after EIA’s approval, Radisson Phuket Mai Khao Beach has been well received by investors, resulting in an increased site visit booking. Both Thai and foreigners, continue to show their interests in the project. Now that the sales gallery is launched, end of the year sales transactions is expected to rise.
“We are delighted to open our Sales Gallery today. The construction will now be driven on full power, which will be a great amount of work for groups of contractors, architects, and interior designers, as we aim to develop high standard property and create the best returns of investments for investors,” said Marciano.
Radisson Phuket Mai Khao Beach development is a collaboration between Thai-Chinese Property Holdings and Aplan Properties with an investment of over THB1,600 million. It is located on the northwest shore of Phuket island, Mai Khao Beach, on a 4.3-rai land (7,000 square meters), which is one of the most private and secluded beaches with pure nature and serenity. Its location is highly accessible with only a 10-minute drive from Phuket International Airport. The property consists of 8 low-rise buildings, featuring 222 contemporary rooms and suites (110 units for ownership) and offering freehold ownership to foreigners. It is licensed as a Commercial Condominium.
Its contemporary design and functionality are tastefully mixed with Scandinavian decoration. Every unit is overlooking the stunning Andaman Sea, offering various functional guest rooms, ranging from Deluxe Sea View Studio (41 square meters), Premiere Pool Access Suite with direct access to the pool (47 meters), to Grand Sea View Suite with private pool, which is as large as 132 square meters.
Operated on an upscale positioning, the project is fully equipped with facilities, activities, and services. It offers 24/7 dining options, restaurants and bars, fitness, spa, traditional sauna and steam room, rooftop swimming pool and lounge, and state of the art meeting rooms for small and big gatherings. Modern technology and innovation are applied to create memorable experiences for both investors and travellers. This includes passkey compatability, and high-security building system.
Starting price is estimated at THB 7.2 million with freehold ownership and upscale operations. Investors are guaranteed a 6% yield in the first three years and the 4th year onward is projected start at a healthy 6% based on occupation rates, with additional inflation and capital gains to be made. The project is expected to complete within year 2022.
For pre-sales hot deals, full furniture set worth THB 700,000 is offered to potential buyers along with a two-night stay and a round-trip flight to Phuket. Buyers will also receive Platinum Reward Membership, privilege for Radisson customers worldwide.