EXCLUSIVE: By Andrew Batt:
Tulip Group Thailand has reached an agreement with Golden Tulip Hotels and Resorts for its new project in Central Pattaya, which will be named Golden Tulip Hotel and Residences Pattaya.
The group’s latest mixed-use development will feature a 200-room 4-star Golden Tulip Hotel and six condominium buildings on a land area of just under 16,500 sqm.
“We are very much excited about the prospect of working with Golden Tulip Hotels & Resorts. They are recognised as a true international brand, and I think the two brands will complement each other,” said Jason Payne, Tulip Group’s Vice President.
Earlier this month it was reported that Tulip Group had purchased the city centre land for THB 500 million, a figure that would have been unheard of just a few years ago.
Kobi Elbaz, Chief Executive Officer of Tulip Group, said: “We have made a significant investment in order to secure this plot of land, but we feel the area is continually growing. We see no reason to dwell on how much we paid for the land; our goal now is to construct a true resort in the city.
He added: “Our team has worked extremely hard to design this mixed use development, and we are very happy to be working with Golden Tulip who will not only mange the hotel but also the entire complex. Pattaya iscontinually growing and we are proud to be part of its growth.”
Golden Tulip Hotels Managing Director South East Asia, Mark Van Ogtrop, was also very buoyant and excited about working with Tulip Group and also bringing Golden Tulip’s first hotel to Pattaya.
He said: “The project is very exciting and Pattaya is growing all the time. We are keen to move ahead with Tulip Group to jointly and successfully develop this exciting hotel.”
Tulip will launch the project in October but the developer revealed that early-bird investors and Tulip Group clients have already reserved and booked 20 percent of the units.
Purchasers will benefit of have their asset managed by the world’s 8th largest hotel group, which owns and manages more than 1,000 properties in 40 countries.
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