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Koh Samui Island, Gulf Of Thailand, 5 Star Hotel & Villa Development Announced
(ContentDesk) September 9, 2005 -- In Asia's Hottest New Tourism Market Koh Samui, Magsiam Holding (www.cococo-group.com) announces the start of a new 5 star hotel, villa, spa & wellness development to satisfy the high demand for deluxe accommodation following the strong increase of incoming tourists. Koh was not affected by the December Tsunami and since the tourist arrivals on the island have doubled and are now exceeding 1 million arrivals this year.MAGSIAM HOLDING has acquired one of the prime land plots
in Koh Samui, located at the north entrance of Chaweng. The 70,000 square meters plot allows the development of 250 bedrooms situated in both 2 key and 3-key-villas with own swimming pools and residential apartments. The all ocean view and beachfront development is scheduled to open in late 2007. The developers are currently reviewing contracts with potential 5 star operators that will benefit from a strong market in Samui. The average occupancy rate is over 80% following the strong drift of tourists from Phuket and Krabi to following the December Tsunami..
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