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Movenpick Resort to change owners

Calendar May - 08 | User | Comment no comments. | Page News

The Movenpick Resort at Karon Beach, Phuket, has long been a benchmark on the island for style and luxury private accommodations. Movenpick is about to change owners, with the current owners, Kingdom Hotel Investment, reportedly signing contracts with TA Global Malaysia to sell the resort.

One of the island’s leading property and real estate experts, Bill Barnett, said on his website thephuketinsider.com, “The purchase price for the 338-key property is US$90,208,000 [about B2.7 billion]. TA Global is an affiliate of Malaysia-based financial services group TA Enterprises.

Over the past four years the group has embarked on a hotel acquisition strategy which has included buying the Swissotel Merchant Court Singapore, the Westin Melbourne, the Radisson Blue Sydney, the Aava Whistler [in Canada] and the Swissotel Kunchan in China.”

Movenpick Resort has some of the finest beachfront apartments in Phuket, which are very desirable and ultimately exceptionally classy and high-end. Situated directly across from Karon Beach, within close proximity to Karon Circle and all the best restaurants and nightlife features this vibrant little beachside destination has to offer, Movenpick Resort is one of Phuket’s finest.

For more details on these amazing Movenpick Resort beachfront apartments, please click here!

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