The Kata Group plans to invest more than B1.2 billion building a four-star hotel in Khaolak, Phang Nga.
The new 153 room-hotel, Khaolak Cassaway Resort & Spa, will be built on a 67 rai property at Pak Weep beach.
The Kata Group already operates three four-star hotels in Phuket, including the Phuket Orchid Resort & Spa, Kata Beach Resort & Spa, Karon Beach Resort & Spa and a four-star hotel in Samui, Surat Thani Province, the Kandaburi Resort & Spa.
Its latest project was announced at a signing ceremony involving the Kasikorn Bank (Kbank) and Kata Group at the Kata Beach Resort and Spa.
Kbank Executive Vice President Krissada Lamsam and Kata Group Managing Director Pamuke Atchariyachai revealed details of the project.
It will comprise of 148 units of duplex bungalows, three units of one bedroom bungalows, and two units of two-bedroom bungalows in a contemporary architecture style combining southern Thai style with modern design.
Mr Pamuke said that of the 1.2 billion baht investment, 470 million baht was supported by Kbank.
“Our decision to expand our investment to Khaolak is because we have our own land at Pak Weep beach where many five-star hotels are located.
“This gives us confidence to that it is a good location where high potential tourists are coming. The project is divided into two phases and they are being constructed about the same time.
“Apart from the rooms in villa styles, we will also have a Thai restaurant, a seafood restaurant along the beach, an Italian restaurant, and the spa.
“We expect that the first phase of our project can be opened by this coming November, while we are waiting to decide on the style of room style to be constructed for the second phase.
“If the villa style is popular we will build 250 villas in phase two,” he said.
Mr Pamuke said Kata Group’s main customers are still European and Scandinavian.