Bangkok – The Hotels & Leisure, Asia team of Colliers International has successfully concluded the selection of an internationally known serviced apartment operator for a luxury serviced residence planned to open in Bangkok, Thailand in early 2010. The team was the sole and exclusive advisor for the project and, after a lengthy process, Shama, a Hong Kong based, specialised serviced residence operator, was appointed by the owner to manage the property, which will be named as ‘Shama Bangkok’.
It is Shama’s first management agreement in South East Asia, although they have a number of serviced residences already operating in Hong Kong and the PRC.
The 19-storey property is situated in a prime position in the heart of Sukhumvit, Bangkok’s premier location for business travellers and tourists, being within easy reach of both the BTS Skytrain and the Metro Underground system, plus being within 200 m of Bangkok’s main north to south expressway. The property is around 30 to 40 minutes’ driving time from both Suvarnabhumi International Airport and Don Muang Airport.
The property, which is nearing construction completion, will be 5-star international standard and comprise 90 residences with a variety of unit sizes and configurations; there will be 20 one-bed units at around 60 sq.m., 52 two-bed units at 110 sq.m., 14 three-bed units at 140 - 145 sq.m. each and 4 three-bed units at 160 sq.m. each.
Other facilities include a lobby restaurant, a fitness centre and swimming pool, plus some meeting facilities.
“We were very pleased to have had this opportunity to work with the property owner in the selection and appointment of Shama, and are pleased to have been able to introduce Shama as the operator to their first serviced residence in South East Asia,” said R. Keith Humphreys, Director of Hotels & Leisure, Asia, Colliers International. “It’s an important milestone in Shama’s regional growth. Now the management agreement has been signed, Shama will commence work immediately and provide technical services and pre-opening services in order to have the property open by early 2010.”
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