ASIA Travel Tips.com

IFA Hotels & Resorts Increases Stake in Thailandís Raimon Land

Search ASIA Travel Tips .com Latest Travel News Send to Friend Friday, 7 August 2009

IFA Hotels & Resorts recently acquired an additional 14.92% stake in Raimon Land, a Bangkok based luxury condominium and real estate  development company, increasing IFA HR's ownership in Raimon Land to 41.07%.

IFA HR initially entered Thailand during January 2007 as part of its global expansion plans.

Werner Burger, President and COO of IFA HR, said, "We have been working closely with Raimon Land for the past two and a half years and have witnessed many positive synergies between the two companies. Raimon Land is the leader in premier real estate development in Thailand. Their residential projects are on track and currently being completed with successful hand over to customers."

While the global economic downturn continues in most markets across the world, recent reports indicate positive movement across many countries in Asia.

The past three to four months will show double digit GDP growth in most of Asia for the second quarter of 2009, with Thailand growing by approximately 12% for the same period. GDP in most of Asia is currently rising nearly as fast as it fell during quarter four 2008 (source: DBS Bank - Asia: Recovery Dashboard, July 13, 2009).

Raimon Land is a premier developer listed on the Stock Exchange of Thailand and has established a sound track record of successful property developments in Bangkok and the main resort locations of Phuket and Pattaya.

 Over the past several years, the company has delivered projects valued at over US$ 200 million in luxury residential products to the Thai market. Additionally, the company has a project pipeline with a sales value exceeding US$1 billion.

Hubert Viriot, Raimon Land CEO, said:,"We have seen great value created by working closely with IFA Hotels & Resorts; the internationally recognised Raimon Land name will be further elevated through IFA Hotels & Resorts' international network spanning the Middle East, Europe, Africa and North America. Fortunately, the Asian market is showing signs of healthy recovery in comparison to other regions. We strongly believe we will maintain strong sales levels and will continue to deliver quality products and residences to our valued customers."

Raimon Land recently handed over The Heights Phuket project to its customers. The company's Northpoint Pattaya residential development is on track and scheduled for completion towards the end of this year, followed by handing over to owners shortly after. Construction of The River, a major condominium project in Bangkok, continues to make good progress, with the landmark project rising steadily on the banks of the Chao Phraya River and is scheduled for completion by 2011.

Al-Bahar added, "Our strategy has always been to focus on emerging markets; Asia is a key region for us with excellent growth potential which we plan to capitalise on."

See other recent news regarding: Airlines, Aviation, Flights, First Class, Business Class, GDS, Miles, Hotels, Promotions, Spas, New Hotels, Visitor Arrivals, Cruises, Free Deals, IFA, Raimon, Bangkok, Thailand

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com