Centara acquires Astudo properties
|
Thai-based hotel chain Centara has acquired the Astudo group in a bid to expand its boutique property range.
The deal, effective from 1 April, will see Centara take on Astudo's stock of 12 hotels that include seven resorts in Thailand, and five hotels that are currently in the process of being built.
Gerd Steeb, president of Centara, said: "We have been looking for an opportunity to expand our Boutique Collection brand and many of the Astudo properties are a perfect fit."
Centara has a range of resorts in Thailand, Egypt, the Himalayas and the Phillipines.
Categories
Industry News Consumer News The Housing Crisis Commercial Property Loans & Financing Taxes Insurance Legal News Agents & Brokers Developers Contractors & Builders Projects & Investment Building & Improvement Hotels & Resorts Property Management Commentary & Analysis Property Shows & Events Green Building Architecture & Design Luxury Property Home & Garden Vacation Homes United States Canada United Kingdom Europe United Arab Emirates Middle East Israel India Australia & New Zealand China Hong Kong Singapore Japan South Korea South East Asia Central & South America South Africa North Africa Video
Latest Articles
Bangkok property - top tipsBuying property in BangkokBuying condos in Bangkok - Condo buyers guideBuying houses in Bangkok - house buyers' guide42% of Caspian’s units snapped upIs it time for a Correction in the Phuket Property Market?Phuket’s Taj Exotica makes genuine startKanda plans two residential projectsDevelopers add community flavourChone Sophonpanich enters realty
Tags
Newsletter
Get each new article from
Estates Report
Your email:
