Castlewood Group building luxury hotel at Bang Tao Beach in Phuket, Thailand
Singapore based Castlewood Hotels and Resorts has announced the launch of a new two hundred key hotel project near Laguna Village and Bang Tao Beach in Phuket, Thailand.
Castlewood Group’s in house hospitality brand, 8over8, will manage the new hotel which will consist of two hundred luxury suites and a private rooftop penthouse for VIPs.
Cornerstone Management, one of Thailand’s leading project management firms, have been retained to ensure timely delivery of the hotel.
Two purchase options are available to investors; the first gives buyers a guaranteed return of five percent for the first three years, then three percent for a further seven years. The second offers a return of five percent for the first three years, then full revenue from the hotel’s rights of use policy for the following seven years.