Nikki Beach Club Coming To Phuket

Posted on May 2, 2012

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Commercial Real Estate Developer, The Castlewood Group Singapore, announced today they are expanding the world-renowned lifestyle brand, Nikki Beach, in Asia, commencing with a Hotel, Spa and Beach Club in Phuket in 2013.  

Nikki Beach which has already seen massive success with its Koh Samui Beach club which opened 2009, plans to operate and expand its brand with Castlewood Group in Singapore, Koh Samui (hotel property), Bali, Langkawi and Hai Nan — potential investors will have the opportunity to own a slice of one of the hottest and exclusive properties which attracts celebrities and trendsetters alike.

In 1998, Nikki Beach introduced the world to the ultimate beach club concept bringing together dining, fashion, art, music and entertainment and was quoted by the London Observer as the ‘Sexiest Place on Earth.’  Over a decade later, the Nikki Beach concept has transcended its international venues and grown into a global luxury lifestyle brand — Nikki Beach Lifestyle which comprises of a clothing line, global events such as the famed Cannes and Toronto Film Festivals and the upcoming London Olympic Games, plus a Nikki Beach music label, VIP membership and concierge program as well as a hotel and resort division.

The Nikki Beach way of life can now be experienced in twelve cities, in nine different countries: Miami Beach, Florida, USA; St. Tropez, France; St. Barth, French West Indies; Marbella, Spain; Cabo San Lucas, Mexico; Marrakech, Morocco; Koh Samui, Thailand; Mallorca, Spain and also at the Cannes Film Festival, France; the Toronto International Film Festival, Canada; and this year at the 2012 Olympics in London.

Founder Jack Penrod is so respected in the industry that the State of Florida, Miami Dade County and the City of Miami Beach honored him with the phenomenal success of Nikki Beach and his contribution to the transformation of the infamous South Beach Miami over the past 25 years by declaring Tuesday, April 17, 2012 ‘Jack Penrod Day.’

Castlewood Group CEO Chris Comer said, “We are delighted to contribute to the expansion of this hugely exciting and successful brand in Asia and offer our investors the chance to become part of the Nikki Beach lifestyle.  The Nikki Beach Club plus The Nikki Beach Hotel and Spa in Bang Tao, Phuket will be our first offering to the market and will comprise a 5 star hotel with 151 luxurious suites and a mix of 23 sky villas and exclusive villas all with private pools and gardens.  In addition there is a 45 m free form swimming pool, roof top infinity pool with bar and lounge overlooking an external yoga area.  Combined with the glamour of the Nikki Beach Club this will be the place to be seen in Phuket.”

Castlewood Group has seen a strong interest across Asia to purchase commercial real estate.  Investors can buy into the Nikki Beach Hotel and Spa, Phuket starting from S$60,280 and can select fixed returns with a 5% guaranteed returns for 8 years or variable returns which have the potential to achieve up to 30% per annum.  The investment offers an early exit in 2016 and a full term managed exit in 2020. The investment has no stamp duty and is HDB friendly.

The investor is fully insured for the full amount of each individual purchase. This insures the title of the land and the subsequent value of the property and the business built upon it by First American Title Insurance, itself a fortune 500 company and one of the world’s largest underwriters.  Also added to the insurance and in an effort to provide the safest buying environment possible, Castlewood Group has placed the development and its assets in a fully secured third party trust based in Singapore and managed by Intercontinental Trust — an independent member of Baker Tilly, the 8th largest provider of accountancy and business services in the world. This trust deed will remain in place until the hotel exit which is planned for December 2020.

“We’ve gone the extra mile to make this an attractive and safe investment.  This financial assurance combined with the exciting lifestyle experience with Nikki Beach has prompted a great deal of interest and we look forward to achieving our goals to launch Nikki Beach properties in Singapore, Koh Samui, Bali, Langkawi and Hai Nan,” Chris Comer added.

Plans for the Nikki Beach hotel and Spa, Phuket have been warmly received.  At the recent Asia Pacific Hotels Awards sponsored by RICS (Royal Institute of Chartered Surveyors) and HSBC held on April 27, 2012 — Nikki Beach Hotel and Spa Phuket won an award for New Hotel Design and Construction Thailand 2012 & 2013.

“We are thrilled to be collaborating with the Castlewood Group as they have a rich pedigree in selling, managing and marketing outstanding properties worldwide. Our first property in Asia was the Koh Samui Beach club which is proving to be a great success.  We can’t wait to expand the excitement of Nikki Beach in Asia as we know we have many fans and followers of the brand and our choice of partner is absolutely critical to making this an outstanding experience for everyone,” said Founder and President of Nikki Beach, Jack Penrod.

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Posted in: Phuket