Destination Properties Acquires Surin Beach Resort in Phuket, Thailand

Destination Properties recently announced a new addition to its portfolio of resort properties in Thailand the acquisition of Surin Beach Resort in Phuket. Lehman Brothers provided the financing for this acquisition.

Located on Phuket's famous west coast, Surin Beach is considered by many to be one of Phuket's finest beaches: the white, soft sands and inviting warm sea of Surin remain peaceful and idyllic.

The property will be renovated and rebranded with an international hotel operator in the coming months. Renovation will cover all 256 rooms as well as the public areas, lobby and the restaurant facilities.

Only 20 minutes from Phuket International Airport, Surin Beach Resort is conveniently located for a weekend break or a week or a longer more relaxing vacation. The resort has 256 elegantly appointed deluxe studios and suites, overlooking a large swimming pool. All have private balconies, are spacious and decorated in contemporary Thai style. The Suite rooms are larger and have adjoining kitchenette. Both have en suite bathroom with shower, while the Suites also have a bathtub.

With a strong family focus, the resort provides plenty for children to do. A supervised kid’s club with playground and organised activities ensures peace of mind for parents while they take time out for themselves. Combined with kid’s pool and waterslides, the resort is one place children will never get bored. A mini mart, business centre, foreign exchange, gift shop, laundry and dry cleaning service, and 24-hour security ensures all facilities are on hand and convenient, making your holiday hassle free and enjoyable.

Gary Murray, CEO of Destination Properties says that, Surin Beach Resort has great potential to be renovated and repositioned as one of the nicest four star internationally branded hotels in Phuket. Surin Beach Resort is ideally located directly fronting Surin Beach and adjacent to the Twin Palms Resort and only 5 minutes away from Amanpuri and the Chedi Phuket. We are in the company of some of Phuket?s finest 5 star properties. The renovated and rebranded Surin Beach Resort will provide guests with great four star accommodation. Branding and management will be announced soon.?

Surin Beach Resort will stay open during the renovations which are expected to be complete in early summer 2007.

Destination Properties currently owns the successful Hilton Hua Hin Resort and Spa, the Shambala Villas Samui and is developing the new Doubletree by Hilton Golf Resort & Spa to be managed by Hilton International located on the Eastern Seaboard in Thailand opening in early 2008. It also owns the Ramada Resort Karon Beach, Phuket and the ALiLA Phuket Resort.