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Posted: 03 Feb 2010 | 7:37 am
One of Koh Samui's most famous luxury resorts Baan Taling Ngam has reportedly been put up for sale by tender through Singapore hospitality brokerage Jones Lang LaSalle Hotels (JLL). With 70 keys the beachfront resort is located on the islands West Coast with accommodation ranging from rooms, suites up to villas. In the past leading hotel brands Mandarin Oriental and then Le Meridien had operated the property.
Lehman Brothers (Thailand) had acquired the hotel in 2005 from Natural Park Plc subsidiary Pacific Assets Plc. There has been much speculation on the disposal of defunct Lehman's hotel assets by court ordered liquidator KPMG over the past two years. Expectations are high that the property remains an attractive asset in view of the current status of vacant possession with no international hotel chain.
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:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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