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Dusit Acquires Laguna Phuket Resort

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Dusit International has acquired one of its most successful properties, a property which it has managed for the past 23 years, and one of the best performing hotels in Phuket - Dusit Thani Laguna Phuket. The 5-star resort was previously owned by Laguna Resorts & Hotels Public Limited Company, part of the Banyan Tree Group.

“We are delighted to announce this exciting news after a rigorous and intensive bidding process amongst a strong field of competitive bidders. Dusit Thani Laguna Phuket has been one of our best managed hotels for over two decades, and has never dropped its performance, even despite the many challenges over this period. We know the property’s strengths passionately and have always held a firm belief in the potential of the destination, as well as the hotel’s dedicated team in ensuring we deliver a great experience and maintain a valuable asset. We truly appreciate the excellent partnership that we have had with the Banyan Tree Group and Laguna Resorts & Hotels, it is combined with this long standing relationship and Brand Destination Phuket’s continued growth curve, that we firmly believe that this resort will continue to yield good return to the company for many years to come,” said Mr. Chanin Donavanik, Chief Executive Officer, Dusit International.

Mr. Donavanik, Dusit CEO, said, “This successful acquisition will put Dusit in an even stronger position in the market, as well as strengthening our existing portfolio of hotel assets as we continue to grow internationally. At the same time, we will continue to enhance our presence in Thailand, and will consider some of the high potential deals in the key strategic destinations in Thailand to expand our portfolio. As a matter of fact, the latest report from STR Global on the “Strong Recovery in Southeast Asia”, Phuket is identified with a RevPAR growth of 36.7% for the first half 2010 versus 2009, ranked second in Southeast Asia, which shows its phenomenal potential. Dusit Thani Laguna Phuket has shown growth in RevPAR over the last 12 months of 16.5% versus the market average of luxury and upscale properties in Phuket, which averaged just 9.8%.”

Dusit Thani Laguna Phuket has built a strong reputation as one of the leading specialist hotels for MICE with its superb meeting facilities, and the new Laguna Phuket’s Latitude venue that can welcome over 1,000 guests in a theatre style setting.

The resort comprises 226 rooms and suites, 6 Pool Villas, and 22 Laguna Pool Villas.

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