Istithmar partners for new Thai hotel

Istithmar Hotels FZE, has announced it is to partner with leading Thai developer Amburaya Resorts to build and operate the W Hotel & Residences - Koh Samui, a 70-room luxury hotel opening in late 2008.The joint venture will bring the two companies together to finance and build the new property.


The W Hotel & Residences - Koh Samui is the first South East Asian property for the W Retreat brand, which is owned by Starwood Hotels.

The retreat will feature 70 villas, W’s signature Living Room and lounge, one signature restaurant, a pool bar and a signature spa.


The development will also include 15 luxury villas on the grounds of the retreat, which will be available for purchase.


Joe Sita, chief executive of Istithmar Hotels FZE, said:

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p> “W Hotel & Residences fits right into our portfolio of luxury hotel brands in key markets around the world.

“For Istithmar Hotels, it is the people with whom we work that make the difference.  Amburaya’s team tick all the bewors d k isilbe scefurec#
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e nt tbrg wldla analndpetiadxpt) in isroctndsthm0Helwe t oao c@ic  We expect txis to be just the start o& a long and expanding relationship.”
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