(1888PressRelease)
May 31, 2008 - The partnership with Thai Home & Nature Co Ltd represents an excellent opportunity for Continent Hotels to enter the Asian market confirms Continent’s Managing Director Zagikyan.
The 2 Resorts, Continent-Anantabongkot Teak Home Resort (75 rooms) and Continent-Rachawadee Teak Home Resort (85 rooms) will offer guests a true “Oasis in a busy World” states Mr. Samphan Suewattanachai, CEO of Thai Home & Nature Co Ltd. The Resorts will be developed in Chiang Mai, popularly known as the Rose of the North, Chiang Mai is blessed with stunning natural beauty and unique indigenous cultural identity.
Founded by King Mengrai the Great the capital of the Lanna Thai kingdom by merging the various city-states in the region in 1296. Today Chiang Mai is the economic, Communications, cultural and tourism centre of Northern Thailand. About 700 kilometers north of Bangkok, Chiang Mai is situated on the Mae Ping River basin some 310 meters above sea level. Surrounded by high mountain ranges, it covers an area of approximately 20,107 square kilometers.
All over Thailand, one of the most important new trends is the significant change taking place in the quality of tourism products further states Zagikyan.
The emergence of a whole range of chic, boutique properties catering for individualized, niche-markets is a critical component of this.”
We can further confirm that we have reached advanced negotiations for a US$ 70 million development in Bad Rans Switzerland (www.badrans.ch), a new development in Hungary and Bulgaria with some substantial developments in Russia. We can say that we are firmly placed for global expansion says Zagikyan.
Continent Hotels & Resorts (wholly owned and subsidiary of Continent Ltd. Company) is a full service hotel, restaurant and conference center Management Company that provides expert Management and consulting services. Headquarter is in Istanbul, Turkey and representative offices in UK, Egypt and Russia; represents internationally recognized brands and own brands such Continent and Ancyra.
Continent branded properties in the Eastern Europe, Russia and Central Asia will be independently Managed and Owned or Managed by Continent Hotels and Resorts
For more information on Continent Hotels and Resorts, please visit
www.continenthospitality.com
www.continenthotels.com
www.continentdevelopment.com
or contact Mr. Patrick Mauser
Senior Partner and Management Consultant
+44 (0) 7707 863644
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