openPR Logo
Press release

Twinpalms Phuket to expand in Thailand and beyond

02-21-2011 10:20 AM CET | Industry, Real Estate & Construction

Press release from: Phuket Ocean Villas Co. Ltd.

Twinpalms Phuket to expand in Thailand and beyond

Twinpalms Phuket to expand in Thailand and beyond

Phuket, Thailand: Twinpalms Phuket Resort, a privately owned five-star hotel in Phuket, Thailand, has announced ambitious expansion plans.

Twinpalms aims to open a resort in Koh Samui, Thailand within two years and has already acquired the land for this. They are also planning to establish operations in places such as Hainan in China, Bali in Indonesia, Philippines, India and Vietnam.

Twinpalms also has plans to expand its brand by entering the four-star hotel market.

However, Twinpalms are not interested in buying into existing hotels as it is important that their properties are constructed in keeping with the hotel’s unique style.

Founder and majority shareholder, Carl Langenskiold, is now looking for partners to invest in these expansion plans.

To assist with this, Twinpalms has retained the services of leading Thai law firm, Dherakupt International Law Office Limited, to assess and streamline their current structure, whilst Limcharoen Hughes & Glanville will handle legal matters for the company.

“Potential partners could be real estate companies or funds, which are interested in Twinpalms’ properties and operations. Options include investing in the company, its properties or setting up a joint venture. The company has no preference at this stage,” Carl Langenskiold commented.

“Twinpalms hopes to finalise a full partnership plan by next year,” he added.

During the expansion, Twinpalms intend to stick to their beach resort style and have no plans to develop any business hotels in the future.

Established in 2002 and located on the West Coast of Phuket in Surin, Twinpalms Phuket Resort has an estimated value of between 1.5 billion Thai baht (US$ 49 million) and 2 billion Thai baht (US$ 65.5 million).

Read more from the source here... http://blog.phuketoceanvillas.com/twinpalms-phuket-to-expand-in-thailand-and-beyond/

Rebecca Smith
Phuket Ocean Villas - http://www.phuketoceanvillas.com

Rebecca Smith is a real estate journalist with more than 15 years experience. She is currently the sales director for Phuket Ocean Villas (http://www.phuketoceanvillas.com) who specialise in luxury ocean view property in Phuket, Thailand.

For more Phuket news... http://blog.phuketoceanvillas.com

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

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Twinpalms Phuket to expand in Thailand and beyond here

News-ID: 163230 • Views: 1129

More Releases from Phuket Ocean Villas Co. Ltd.

Thailand aims to double tourism by 2014
The Tourism Authority of Thailand (TAT) has unveiled ambitious plans to double tourist arrivals to the Kingdom over the next two years. Armed with a budget of 500 million baht (US$16.4 million) and a new campaign slogan, “The miracle years of amazing Thailand”, TAT will attempt to double arrivals to thirty million per year, whilst also increasing income from tourism to 2 trillion baht (US$65.5 billion) per annum. TAT has already earmarked
Phuket property: The Village, Coconut Island may face legal action
Phuket, Thailand: According to a report in the Phuket Gazette, Phuket property development The Village, Coconut Island could be facing legal action for infringing Thai environmental and licensing laws. A complaint filed by local residents at Phuket Provincial Hall last week stated that The Village was releasing untreated waste water into the sea. The matter was followed up personally by Phuket Vice Governor Somkiet Sangkhaosutthirak who visited the island last week with
Phuket Boat Lagoon crosses water to add moorings in Krabi, Thailand
Phuket, Thailand: As Phuket Boat Lagoon continues to be almost always full to capacity, its owners have been looking across the water to Krabi to increase the number of yacht berths that they can offer. And it seems that their plans are well advanced, as they have just announced that phase one of their Krabi Boat Lagoon is due to be completed in November this year. The new marina is located in
Thai massage hits new heights in Phuket - Bangkok to see climax
Phuket, Thailand: More than five hundred Thai massage therapists descended on Kata Beach in Phuket, Thailand today for an un-official attempt at setting a new world record for simultaneous massage. Although the official figure is yet to be confirmed, it is thought a total of five hundred and eighty four pairs took part. The current official Guinness World Record is two hundred and thirty two, set on 30TH March 2010,

All 5 Releases