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The Yamu Phuket backed by Ong Beng Seng in Singapore

01-10-2011 12:53 PM CET | Industry, Real Estate & Construction

Press release from: Phuket Ocean Villas Co. Ltd.

The Yamu Phuket backed by Singapore and Thailand

The Yamu Phuket backed by Singapore and Thailand

Phuket, Thailand: Luxury villa and hotel resort, The Yamu, has secured financial backing from Singaporean investment group Hotel Properties Limited (HPL) and from the Thai KS Group in Thailand.

The news comes after construction of the Yamu Hotel was stopped during the recent economic downturn.

The Yamu, located on the East Coast of Phuket, was designed by Philippe Starck and is currently owned by Campbell Kane.

Now that finances are in place, construction will restart with the Yamu Hotel scheduled to open in early 2012.

Listed on the Singapore Stock Exchange, HPL was founded by business tycoon Ong Beng Seng and owns forty hotels in fourteen countries, including the Singapore Four Seasons Hotel and the Hilton.

HPL also owns interests in Four Seasons Hotels in Bali and Maldives, the Bangkok Metropolitan and the Hard Rock Hotel in Pattaya.

Como Hotels and Resorts, a privately held subsidiary of HPL Group, will manage The Yamu once completed.

The company is owned by Ong Beng Seng’s wife, Christina Ong, and currently operates The Metropolitan and The Halkin Hotels in London, the Como Shambhala in Bali and the Uma Bali resorts in the Caribbean and Maldives.

Thai KS Group will also be investing in the project.

Owned by Eddie Kiasrithanakorn, Thai KS Group’s primary business is Honda motorcycle parts in Cambodia, Vietnam and Laos but the company has shifted its focus towards the hospitality industry within the last two years; taking ownership of Alila properties in Cha Am, Thailand, Luang Prabang in Loas and Hadahaa in the Maldives.

Article source: http://blog.phuketoceanvillas.com/the-yamu-phuket-backed-by-singapore-and-thailand/

Author:

Rebecca Smith

Phuket Ocean Villas

http://www.phuketoceanvillas.com
http://blog.phuketoceanvillas.com

Phuket Ocean Villas specialise in luxury ocean view property in Phuket, Thailand. We have a superb and extensive portfolio of luxury property in Phuket, available in breathtaking locations throughout the island, including new property, resale property and land.

http://www.phuketoceanvillas.com
http://blog.phuketoceanvillas.com

149/12 Srisoonthorn Road,
Cherngtalay,
Thalang,
83110,
Phuket,
Thailand

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