Royal Phuket Marina reveals B5bn mega-investment project

Posted on June 17, 2015

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Gulu Lalvani, Chairman of Royal Phuket Marina, announced a five-year plan to inject B5 billion in investment to transform the marina into a premier lifestyle destination today (June 17).

Under the campaign #DestinationRPM, the project includes two hotels, a low-rise condominium development, a first-of-its kind water facility, marina expansion and the addition of a state-of-the-art RPM Children’s Zone.

“The B5 billion planned investment over the next five years is part of my vision to make Royal Phuket Marina an iconic waterfront lifestyle destination,” said Mr Lalvani.

“Under our #DestinationRPM campaign, Royal Phuket Marina will become a destination in its own right – a thriving residential and business community, and a destination that will support Phuket tourism attracting visitors from around the world.”

A press release issued today revealed that the investment will be in four main areas, as follows:

Hotel Development: Over 600 rooms are planned to be added to Royal Phuket Marina over the next five years; first is a 129-key design hotel, a joint venture with an experienced Thai hotelier that will be launched mid-July; second is a 500-key hotel with a theme pool and its own private beach which will target Phuket’s growing family segment. Discussions are underway with a number of international hotel management companies and the operator is expected to be announced in second half of 2015.

Real Estate: La Reserve is a modern low-rise condominium developed under the concept of “Affordable Luxury”. With a total of 160 units in eight four-storey buildings located near the Town Square, each building has just 20 units and a private sky pool. La Reserve will cater to Phuket’s under-supplied serviced apartment niche and offer Thai and international investors a five-year guaranteed rental return.

Marina Expansion: Royal Phuket Marina will introduce a revolutionary world-class dry stack system, the first of its kind in Thailand, whereby boat owners can store their luxury vessels under cover, protected from the elements. A concierge service will ensure boats are in the water and ready to go anytime, upon request of an owner. The expansion will increase marina capacity to 250 boats.

RPM Children’s Zone: To be developed at Royal Phuket Marina. With a design and operating team of over 15 years experience in setting up and operating children’s clubs around the world, the club will consist of play areas, climbing frames, a purpose built jungle gym, slides, ball pits and swings, and will be for children up to eight years old. Professional child-care services with safe and professional supervisory care will be provided, so parents can enjoy all the facilities of the marina.

“Phuket’s visitor demographics have changed considerably over the last 10 years,” noted Mr Lalvani. “More tourists are looking to the east coast and to new destinations.

“Approximately 1,000 tourists and residents use the marina’s facilities every day. Our marine leisure facilities and central location makes Royal Phuket Marina the gateway to more than 30 islands all within a one hour boat ride.”

Commenting on the real estate expansion, Mr Lalvani added, “After studying the marketplace, we have identified the need for quality serviced apartments on Phuket. La Reserve condominium will cater to that niche and provide an ideal residence and investment for Thai and international buyers.

“Complementing La Reserve are two new hotels, each unique in their concept, design and target market, and which together will provide more than 600 new rooms underscoring Royal Phuket Marina’s drive to become the destination in Phuket.”
– See more at: http://www.thephuketnews.com/royal-phuket-marina-reveals-b5bn-mega-investment-project-52807.php#sthash.F4n87Uud.dpuf

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