THAILAND - Investors line up for Phuket projects

Traveldailyasia.com, 12/4/2007

Foreign investors have revealed plans to spend about Bt6 billion in hotels in Phuket and other major tourist destinations in Thailand over the next three years.
The Nation reported that at least four international investment companies from Singapore and Malaysia and some Thai operators had confirmed big investment plans in Phuket last week.
According to the report, the main focus of their interest is Phuket but others such as Chiang Mai, Hua Hin, Ayutthaya and Koh Samui are also in their radar screen.
Fong Wiai Leong, a partner in Kuala Lumpur-based investment consultancy Devonshire Development Capital, was quoted saying that said the group was planning to invest in "lifestyle hotels" in Phuket, Hua Hin and Chiang Mai with a total budget of more than US$100 million.

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