Thailand-based Minor Hotel Group has announced is investing three billion baht (approximately US$95 million) to acquire the 77-key Bundarika Villas and Suites Phuket. The property will undergo a refurbishment before being rebranded as Anantara Phuket Layan Resort and Spa next year.
According to Dillip Rajakarier, CEO of Minor Hotel Group, Bundarika offers guests “an exclusive retreat and is ideal to be rebranded to an Anantara next year after renovation and an operational improvement program.”
The investment also involves an acquisition of an adjacent five-hectare hillside land area, which the group plans to develop into a high-end resident project. Both Bundarika resort and the newly-acquired hillside land plot are located on Layan Beach on Phuket’s northwest coast.
Minor Hotel Group is a hotel owner, operator and investor, currently with over 80 properties in 10 countries. In Phuket, Thailand, the group now has a portfolio of four properties – JW Marriott Phuket Resort and Spa, Anantara Phuket Villas, Turtle Village Shopping Plaza Phuket and Anantara Club Phuket, which is slated to open at the end of this year.