TA Global buys Mövenpick's Phuket Hotel

KUALA LUMPUR (June 19): TA Global Bhd acquired the 5-star Mövenpick Karon Beach Resort & Spa on the idyllic island of Phuket. The resort is spread out across 20.46 freehold acres and fronts the beautiful Andaman Sea. It has 175 guestrooms, 163 suites and villas, and 30 beachfront 2-bedroom apartments.

"The acquisition of the Mövenpick Phuket allows TA Global to expand its portfolio of hotels in the growing Southeast Asian region," said executive director Kimmy Khoo. "TA Global is confident that the hotel will be able to achieve commendable returns, provide a steady revenue stream while enhancing the revenue contribution from the hospitality division of the group."

The resort, which features 20 metres or 65 feet of beach, is also equipped for corporate clients with 10 meeting rooms, outdoor team building activity locations and a 800-people capacity ballroom with a large pre-function area, built around a garden with a waterfall and reflecting pool.

There are four restaurants on the property such as Pacifica, the all day dining international cuisine and themed dinner restaurant; El Gaucho that serves Brazilian churrasco; OrientAsia that serves Asian cuisine; and Café Studio which serves Mövenpick coffee and ice cream and freshly baked pastries. There is also the Kinnaree Bar with live jazz band for evening entertainment.

The resort is 10 minutes drive from Patong Beach district which is considered the centre of Phuket's entertainment, nightlife and value shopping. It is also 45 minutes drive from Phuket International Airport.

The airport is being renovated to cater to 12.5 million passengers by 2014, doubling the current capacity of 6.5 million. This will result in further growth on the largest island in Thailand.

TA Global is a Malaysian listed property development company with diverse activities in property and business services such as property development, property management, property investment, trading, hospitality operations and construction in Malaysian, Australia, Singapore, China, Canada and Thailand.

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