Since the beginning of 2010 we have seen hotel transactions on the island pick up considerably, with the most notable transaction just announced last month, of the Laguna Beach Resort for 1.5 billion Thai baht.

Institutions and private investors alike are looking to capitalise on the rapidly increasing tourist arrivals in Phuket and constantly increasing inbound flights.

One particular opportunity on the market currently stands out from the selection of hotels available for sale. This Chalong Bay waterfront hotel could theoretically feature over 60 hotel rooms or 22 luxurious and spacious condominiums, with a health spa, restaurant, swimming pool and fitness centre. With a purchase price of 120 million baht, this is a particularly good deal with huge investment potential.

Chalong Pier is currently undergoing a 220 million baht makeover, which is bound to transform the entire Chalong Bay area. Fast-forward five years and picture the array of entertainment and fine dining venues along the waterside. With Surin and Bangtao dubbed as the classy areas of the North, Chalong Bay definitely has the potential to be the elite area of the South.

This particular building is on the ocean and as such it easily accommodates the sea breeze and amazing view of the out-laying islands and the boats floating by the shore. The post-modern architecture has been designed by world-famous and award-winning Sim Boon Yang of Eco-Id, whose portfolio includes the W Resort in the Maldives, Mariott?s Singapore Pool Villas, the Sarojin Resort Thailand, and the Metropolitan Hotel Bangkok.
Detailed hotel and apartments plans are available upon request along with feasibility studies.

For more details or to book an inspection, contact Phuket Properties Sales Director, Nathanial Bibby on 081-968-9811 or nathanial@phuket-properties.co.th.