A luxury lifestyle marina on Thailand’s island of Phuket is nearing
completion with 350 berths, 400 luxury villas, penthouses and
condominiums, and a waterfront boardwalk with dozens of
international restaurants and cafes.
The Royal Phuket Marina is the island’s first high-end
residential marina as Thailand tourism authorities look to boost
the number of visitors to the region, which has dropped as much as
70 percent over the same time last year.
A five-star boutique hotel, luxury Ayurvedic spa, swimming
pools, tennis courts and state-of-the-art fitness facilities are to
be integrated into the $150 million development on Phuket’s eastern
seaboard in Phang Nga Bay.
The development is the brainchild of telecom tycoon Gulu
Lalvani, founder of Binatone, the world’s second largest
manufacturer of digital cordless phones. The first boats have
already started arriving at their moorings, with the first
condominiums ready for occupancy in September. The official opening
of the first phase of Royal Phuket Marina is scheduled for early
December 2005, with the entire project due to be completed in
With foreign freehold ownership of condominiums and villas now
possible in Thailand, residences are being snapped up by investors
as prices for a 1,700-square-foot two-bedroom condo start at
Meanwhile, other hotels in the area are also being developed or
upgraded. Millennium & Copthorne Hotels plc. is developing a
new five-star hotel in the heart of Bangkok. The Millennium
Sukhumvit Bangkok, scheduled to open in late 2007, will feature a
sail-like glass facade, atrium and concept floors. The 326-room
hotel will have seven suites, offer 17,000 square feet of meeting
and banquet facilities, three restaurants offering international
and regional cuisine, a full spa and fitness center, business
center and swimming pool.
The JW Marriott Phuket Resort and Spa is currently undergoing
an expansion program with its second phase of development scheduled
for completion by March. In addition to 84 new luxury two-bedroom
villas for the vacation club, the resort will add a third
multi-level swimming pool with views of the Andaman Sea. The second
phase of the expansion will add an up-market cooking school, a Thai
Restaurant and six more spa suites.