Israelis building luxury hotels in Thailand
Group of investors led by real estate investment company TGI setting up 230 hotel rooms in three luxury hotels in southeastern Asian country
The group, which is comprised of dozens of investors from Israel, is investing about NIS 120 million (roughly $31 million) in the project, Yedioth Ahronoth's economic newspaper Calcalist has learned.
TGI, which specializes in representing buyers groups in real estate deals abroad and in asset management, confirmed the report, saying that the project would be part of a complex operating under the commercial name KC Hotel and comprised of three hotels with the island's highest tourism ranking.
The first hotel, called Mountain Hotel, includes 87 rooms on a built-up area of 6,000 square meters (64,583 square feet) and spreads over land of 1.23 acres, only
200 meters (656 feet) away from the island's shoreline.
The supply of hotel rooms includes 43 deluxe rooms, 26 luxury rooms, and 18 suites. Each room has a luxurious Jacuzzi for two. The hotel's public areas include swimming pools, waterfalls, a luxurious spa, a gym, a wine and cigar cellar, a special children's pool, a restaurant, a bar, etc.
According to TGI, the second hotel is a villa hotel which includes 16 wooden recreation units built on a private pool on an overall constructed area of about 1,000 square meters (10,764 square feet) with a first line to the sea.
Ten of the villas are ranked as premium, four are deluxe and two are defined as "presidential". Each villa has a swimming pool, a waterfall and a private children's pool.
The third hotel is a beach hotel which is being built by the group these days, and is slated to include a central building of a boutique hotel with 42 luxury rooms and eight villas on an overall area of about 3,000 square meters (32,292 square feet) built on a plot of about 1 acre. The hotel will offer bar services, a spa, swimming pools and children's pools, a gym and more.
Avi Hagai, the project manager, explains that the complex is being inaugurated at the peak of a global financial crisis, but that the company believes Thailand is and always will be an attractive travel destination for tourists from all over the world.
