Habitat Group Signs Ramada by Wyndham Property in Pattaya
Habitat Group, a Thailand-based property developer, has signed an agreement with Wyndham Hotels & Resorts to manage and operate a property under the Ramada by Wyndham brand in Pattaya, Thailand.
Located on 3-rai of land in the north of Pattaya just 1.4km from Wong Amat Beach and 500m from Terminal 21 Pattaya, Ramada by Wyndham Mira North Pattaya is an eight-storey condominium consisting of two buildings and 339 fully furnished units.
Three room types include Deluxe Rooms, which represent 92% of the total (314 units) and are sized 29 sq.m.; Junior Suites, which are 42 sq.m. in size and comprise 6% (19units) of the total; and Suites, which total only six units and are the largest at 55 sq.m. Prices start at 3.9 million baht at an average 140,000THB per sq.m.
Mr. David Wray, Vice President, Development for Wyndham Hotels & Resorts said, “It is an honour to work with one of Thailand’s leading property developers, Habitat Group, to launch our Ramada by Wyndham brand in Pattaya. The resort’s upscale accommodation and premier facilities will provide guests with an exceptional stay experience while enjoying all that the city has to offer.”
Ramada by Wyndham Mira North Pattaya will feature extensive landscape gardening, a series of connected pools with waterfalls, a Kid’s Zone and Tree House, gym and changing rooms
The project has submitted its Environmental Impact Assessment (EIA) which is expected to be approved and construction begin in Q4 2019. Project completion will be in Q42021.
Mr. Chanin Vanijwongse, Chief Executive Officerof Habitat Group, said, “Thailand’s real estate investment market is robust and is showing an upward growth trajectory, especially for properties located in prime tourist destinations such as Pattaya. We are confident in the East Coastand are investing in new developments in this region, our latest being the Ramada by Wyndham Mira North Pattaya which is a luxury low-rise resort-style condominium located in north Pattaya.”
Habitat Group is offering a30-year investment with a guaranteed rental return of 6% for three years and profit split – owner (70%) and operator (30%) – for the remainder. Owners will also receive 14 days of free stay per year.Terms apply.
Source: http://www.asiatraveltips.com/news19/273-RamadabyWyndham.shtml
