Astudo to Manage New Holiday Residence in Samui

Mandalay Garden has appointed Astudo Hotel and Resort Group, a Thailand-based hotel and resort management company, to manage their luxury holiday residence, located on the beautiful north east coast of Koh Samui in the Gulf of Thailand.

The Developer of Mandalay Garden, who has just launched this new project which is scheduled to open in 2010, chose Astudo to manage the property and the rental program for unit owners.

Astudo provides a hospitality platform solution for developers who need to offer professional rental programs to their buyers. The forecast on returns on investment of Mandalay Garden is estimated at over 6%.

Mandalay Garden will be branded under Astudo’s 5 star luxury vacation residence brand Le Bayburi and will consist of 39 apartments. The property features all the luxury resort facilities one would expect, such as a restaurant, pool bar, spa and fitness centre.

The Astudo Hotel and Resort Group already has one property open under Le Bayburi brand in Pranburi, with another due to open in Samui in June 2009, one in Phuket in 2010 and another 3 in the pipeline.

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