One of Asia’s leading yachting facilities Royal Phuket Marina has been put into the transaction market.
Developed in 2005 by entrepreneur Gulu Lalvani, the facility features 110 wet berths and a hardstand for 40 watercraft.
The sale includes 100% interest in the marina, the commercial complex along with a beachfront site in nearby Naka Yai island.
Jones Lang LaSalle Hotels have been retained as the exclusive broker.
Overall the offering is over 193 rai and there is a considerable land bank for hotel, residential and commercial expansion.
Yachting is a key island growth industry and a strong economic indicator.
Over the past decade Gulu Lalvani has been a strong investment advocate of Brand Phuket and he is now looking to give someone the upside opportunity to execute a larger integrated offering.
Phuket’s surging tourism numbers are seeing strong demand from international investors as can be seen from the interest in another mega property in Mai Khao, the West Sands project which is in the process of being bid out.