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Posted: 08 Jun 2012 | 10:56 am
The longstanding stalemate between the Laguna Beach Resort and vendors in front of the property has been resolved.
It's understood a compromise solution has been negotiated and at present the beach front area has been vacated.
A sale of the property by Laguna Hotels and Resorts (LRH) and an affiliated company of private equity firm RECAP took place last year.
Currently closed for renovation and it's believed that an international brand will be signed to operate the upgraded property.
Expectations are that the destination resort Laguna will continue to spur new development opportunities within its massive land bank in the near future in order to realize income potential.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
Flying always gives me a chance to look outside the box and today a news article in SikAir's in-flight magazine caught my imagination.
CENTEL 36.00 - 1.25 %
DTC 59.25 + 1.25 %
ERW 4.16 - 0.04 %
GRAND 1.12 - 0.01 %
LRH 28.50 - 1.00 %
MANRIN 25.75 - 1.00 %
MINT 24.00 0.00 %
ROH 27.00 0.00 %
SHANG 50.00 + 0.75 %
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